TON - Tongaat Hulett - Trading Statement For The 12 Months Ended
TON
THGL
TON - Tongaat Hulett - Trading Statement For The 12 Months Ended
31 December 2009
Tongaat Hulett Limited
(Registration number 1892/000610/06)
Share code: TON
ISIN ZAE000096541
TONGAAT HULETT: TRADING STATEMENT FOR THE 12 MONTHS ENDED 31 DECEMBER 2009
Tongaat Hulett`s headline earnings for the 12 months to 31 December 2009 are
expected to be 40% to 45% above the R583 million of 2008. Headline earnings per
share are expected to increase by the same percentage.
Tongaat Hulett`s profit from operations for the 12 months to 31 December 2009 is
expected to be between 33% and 38% above the R1,132 billion earned in 2008.
As reported in the interim results for the six months to 30 June 2009, the
Zimbabwe operations are now consolidated in Tongaat Hulett`s financial results.
The accounting treatment in terms of IFRS on the commencement of consolidation
of the Zimbabwe operations gave rise to a balance sheet take-on gain of R1,969
billion, which is recognised in the income statement. This gain is excluded from
headline earnings and profit from operations. It is included in total net
profit. Total net profit for the 12 months is expected to be approximately
R2,850 billion, with net profit per share being approximately 2750 cents per
share.
This trading statement is issued in compliance with the JSE Listings
Requirements. The above information has not been reported on by the auditors.
The reviewed interim results for the 12 months ended 31 December 2009 are
scheduled for release on Monday, 1 March 2010.
Tongaat Hulett`s financial year-end has changed to 31 March with effect from the
current year and audited results for the 15 months ending 31 March 2010 are
expected to be published on 31 May 2010.
Tongaat
16 February 2010
Sponsor
INVESTEC BANK LIMITED
Date: 16/02/2010 07:05:03 Produced by the JSE SENS Department.
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