July 24, 2016 9:50 PM ET

Food Products

Company Overview of Illovo Sugar Limited

Company Overview

Illovo Sugar Limited produces and sells sugar and downstream products. The company offers industrial sugar, including refined bulk sugar primarily to soft drink, confectionery, canning, and re-packing customers; refined and brown pre-pack sugar under the Illovo, Whitespoon, and Bwana Sukari names for retail and wholesale customers; bulk raw sugar for refining; specialty sugars; and syrup products. Its downstream products include ethanol, furfural and furfuryl alcohol, diacetyl, 2.3-pentanedione, agricultural nematicides, natural methanol, ethanol potable extra neutral alcohol, anhydrous alcohol, rectified extra neutral alcohol, industrial alcohol, and lactulose. The company’s downstream prod...

1 Nokwe Avenue

Ridgeside

Umhlanga Rocks

Durban,  

South Africa

Key Executives for Illovo Sugar Limited

Managing Director, Executive Director, Member of Executive Committee, Member of Social & Ethics Committee and Member of Risk Management Committee
Age: 50
Total Annual Compensation: R7.6M
Financial Director, Executive Director, Member of Executive Committee, Member of Risk Management Committee and Member of Social & Ethics Committee
Age: 45
Total Annual Compensation: R5.3M
Commercial Director, Executive Director, Member of Executive Committee and Member of Social & Ethics Committee
Age: 56
Total Annual Compensation: R4.2M
Operations Director, Executive Director, Member of Executive Committee, Member of Social & Ethics Committee and Member of Risk Management Committee
Age: 56
Total Annual Compensation: R4.0M
Compensation as of Fiscal Year 2016.

Illovo Sugar Limited Key Developments

Illovo Sugar Limited(JSE:ILV) dropped from S&P Global BMI Index

Illovo Sugar Limited(JSE:ILV) dropped from S&P Global BMI Index

Illovo Sugar Ltd. Reports Unaudited Preliminary Consolidated Earnings Results for the Year Ended March 31, 2016

Illovo Sugar Ltd. reported unaudited preliminary consolidated earnings results for the year ended March 31, 2016. For the year, the company reported profit attributable to shareholders of ZAR 580.1 million or 125.9 cents per diluted and basic share on revenue of ZAR 13,169.9 million against profit attributable to shareholders of ZAR 826.4 million or 179.4 cents per diluted and basic share on revenue of ZAR 13,266.5 million a year ago. Operating profit of ZAR 1,410.2 million compared to ZAR 1,655.1 million a year ago. Profit before taxation of ZAR 1,007.0 million compared to ZAR 1,331.8 million a year ago. Diluted and basic headline earnings were 113.6 cents per share against 179.0 cents a year ago. Net cash outflows from operating activities was ZAR 80.9 million compared to cash inflows from operating activities of ZAR 168.0 million a year ago. Capital expenditure was ZAR 1,451.1 million compared to ZAR 699.5 million a year ago. Net asset value per share was 1,468.6 cents ad on March 31, 2016, against 1,666.1 cents as on March 31, 2015.

Illovo Sugar Limited Approves the Amendment of Memorandum of Incorporation

Illovo Sugar Limited held its AGM on May 25, 2016 approved the amendment of memorandum of incorporation.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 8, 2016
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