The Tongaat- Hulett Group Limited
Press release
Group earnings have been boosted by the fall in the value of the Rand during
the latter part of 2001, and more particularly during December when the Rand
declined from its opening rate of R10.25 to the dollar at the beginning of
that month to close the year around R12.00 to the dollar.
As a consequence headline earnings for the year to 31 December 2001 will
reflect a significant improvement on last year. Contrary to earlier
expectations when, on 6 December 2001, based on the prevailing exchange
rates the group advised that its earnings were likely to be similar to last
year.
Results for the year are currently being audited and the audited results for
the year ended 31 December 2001 will be announced on Friday 8th March 2002.
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