• A burning issue

    The Knysna fires have shown that SA needs to be fire-aware and wary, says Mandi Smallhorne.

  • True economic freedom

    Harping on inequality and repressive rich people deflects attention from the real issues, say analysts.

  • Terry Bell's Inside Labour

    A winter of discontent looms as public sector unions gear up for pay and benefit talks.

All data is delayed
Loading...
See More

Tongaat Hulett lifts earnings, output

May 28 2012 08:00
Reuters

Company Data

TONGAAT HULETT LIMITED [JSE:TON]

Last traded 118
Change 0
% Change 0
Cumulative volume 145016
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Tongaat reports flat earnings

Tongaat profit hit by drought

Tongaat earnings seen easing

 

Johannesburg - Tongaat Hulett [JSE:TON] reported a nearly 11% rise in full-year earnings on Monday, boosted by an increase in sugar output and prices and said it expected production to grow further in the next season.

The agri-processing company said diluted headline earnings per share for the year to end-March totalled 819.4 cents from 739.6c a year ago.

Tongaat Hulett has interests in land management and property development, but its main business is sugar production and milling.

The company, which has operations in South Africa, Mozambique, Zimbabwe and Swaziland, said total sugar output rose 14% to 1.150 million tonnes.

It said sugar production was expected to increase by between 12% and 25% in the 2012/13 season.

Tongaat Hulett shares have gained 8% so far this year, compared with a 3% rise in Johannesburg’s All Share [JSE:J203] Index.

Tongaat shares rose 2.9% to R112.50 on Monday morning.


 
tongaat hulett  |  sugar

NEXT ON FIN24X

Behind the sparkle

2017-06-06 10:23

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

WhatsApp group admins in SA could face jail time their jobs

Previous results · Suggest a vote

Loading...