Tongaat Hulett Ltd THL Trading Statement

  Tongaat Hulett Ltd (THL) - Trading Statement

RNS Number : 9376P
Tongaat Hulett Limited
31 October 2012


                                                                             

TONGAAT HULETT: TRADING STATEMENT FOR THE HALF-YEAR TO 30 SEPTEMBER 2012



Tongaat Hulett Limited

(Registration number 1892/000610/06)

Share code: TON

ISIN ZAE000096541



TONGAAT HULETT: TRADING STATEMENT FOR THE HALF-YEAR TO 30 SEPTEMBER 2012



The following trading statement  is issued for the  half-year to 30  September 
2012.



Headline earnings are expected  to increase by 30,5%  to R654 million for  the 
six months, compared to the R501 million earned in the same period last  year. 
Headline earnings per share for the half-year are expected to be 604 cents per
share (six months to September 2011: 474 cents per share), a 27,4% increase.



Tongaat Hulett's revenue is expected to grow by 23% to R7,398 billion for  the 
half-year (2011: R6,027 billion).



Profit from operations is expected to increase by 25% to R1,313 billion (2011:
R1,047 billion), with  the following  major elements: Profit  from the  starch 
operations amounting to  R147 million  (2011: R167 million).  Profit from  the 
land conversion and development operations  increasing to R244 million  (2011: 
R62 million), with sales mainly in the Cornubia industrial and Umhlanga  Ridge 
areas. The various sugar operations are expected to generate operating  profit 
of R969  million (2011:  R857  million). Tongaat  Hulett is  benefitting  from 
higher sugar production volumes with the related reduction in the unit cost of
production,  against  the  background  of  general  margin  pressure  in   the 
relationship of selling price movements  versus higher input costs. The  major 
production increase this year  is in Zimbabwe, following  the 42% increase  in 
sugar production in Mozambique in the  previous season and in South Africa,  a 
further widening of the gap between  the hectares under cane and the  hectares 
milled. A  net charge  of  R47 million  is expected  to  be reflected  on  the 
centrally accounted and consolidation items (2011: R39 million charge).



This  trading  statement  is  issued  in  accordance  with  the  JSE  Listings 
Requirements. The above information has not been reported on by the auditors.



The interim results for  the half-year ended 30  September 2012 are  scheduled 
for release on Monday, 12 November 2012.



Tongaat

31 October 2012



Sponsor

INVESTEC BANK LIMITED

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           The company news service from the London Stock Exchange

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TSTVFLBXLBFFFBE -0- Oct/31/2012 08:16 GMT