TNT - Tongaat-Hulett Group Limited - Trading State
TNT
THGL
TNT - Tongaat-Hulett Group Limited - Trading Statement
The Tongaat-Hulett Group Limited
(Registration number 1892/000610/06)
Share code: TNT
Issuer Code: THGL
ISIN ZAE000007449
TONGAAT-HULETT: TRADING STATEMENT
Headline earnings for the year ended 31 December 2006 are expected to be
between R695 million and R705 million (2005: R466 million). Headline
earnings and headline earnings per share are thus expected to exceed the
previous year by between 49% and 51% and 46% and 48% respectively.
Operating profit is expected to increase to approximately R1 billion (2005:
R730 million), with significant contributions to this growth coming from
aluminium, property and sugar. Tongaat-Hulett`s sugar operations (including
dividends from Triangle Sugar in Zimbabwe) are expected to contribute
approximately 35% of the 2006 operating profit, starch and glucose 9%, land
and property development 32%, Hulett Aluminium (the Group`s 50% share) 21%
and other items 3%. The South African sugar crop ended as the second lowest
in 10 years. The 2006 results include an effective world sugar price of 12,8
US cents per pound (2005: 9,0 US cents per pound).
The results for the year ended 31 December 2006 are scheduled for release on
Monday, 19 February 2007.
This trading statement is issued in compliance with the JSE Listings
Requirements. The above information has not been reviewed and reported on by
the auditors.
6 February 2007
Tongaat
Sponsor
INVESTEC BANK LIMITED
Date: 06/02/2007 08:56:01 Produced by the JSE SENS Department.
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