Tongaat-Hulett - Trading Statement And Timing Of 2
Tongaat-Hulett - Trading Statement And Timing Of 2005 Interim Results Release
The Tongaat-Hulett Group Limited
(Registration number 1892/000610/06)
Share code: TNT
Issuer Code: THGL
ISIN ZAE000007449
(`The Group`)
TONGAAT-HULETT - TRADING STATEMENT AND TIMING OF 2005 INTERIM RESULTS RELEASE
The Group`s results for the half-year ended 30 June 2005 will be released on
Monday, 1 August 2005.
Headline earnings are expected to be between R205 million and R210 million for
the half-year (2004: R53 million). Headline earnings and headline earnings per
share for the half-year are thus expected to exceed the comparative period last
year by between 287% and 297% and between 282% and 292%, respectively.
Operating profit improvements have been achieved in Hulett Aluminium, African
Products and Tongaat-Hulett Sugar. Moreland has seen a reduction in operating
profit as it is in the process of replenishing its stock. Progress continues
with actions throughout the Group to grow earnings. An offshore cash translation
gain of R39 million has been recorded. A deferred tax reduction of R28 million
has been brought to account as a result of the company tax rate change.
This trading statement is issued in compliance with the JSE Securities Exchange
South Africa Listings Requirements. The above information has not been reviewed
and reported on by the Group`s auditors.
21 July 2005
Tongaat
Sponsor: Investec Bank Limited
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
