MILESTONES 2005
- Operating profit, headline earnings, ROCE and dividends more than doubled in 2005
- Tongaat-Hulett Sugar - Well positioned to benefit from a new world sugar regime and to take advantage of changing global sugar fundamentals
- African Products - An organisational restructuring was undertaken during the year, as part of the ongoing process to ensure operations are able to respond to the competitive environment, the benefits of which will be realised from 2006
- Moreland - Third successive year of record operating profit of R231 million in 2001 with strong contributions from all portfolios
- Hulett Aluminium - Operating profit more than doubled from R150 million to R319 million
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CHAIRMAN'S STATEMENT
 |
The collective actions taken by management to enhance performance are resulting
in accelerated earnings. Headline earnings have more than doubled from R206
million to R466 million and this momentum is expected to continue, demonstrating
the strategy of value creation driven by earnings growth. MORE >>> |
CHIEF EXECUTIVE'S REVIEW
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The past three years have seen the businesses adapting to a stronger Rand. The
benefits of the multiple management actions underway are increasingly reflected
in the financial results. Operating profit, headline earnings, return on capital
employed and dividends more than doubled in 2005. MORE >>> |
![Annual Report 2005 [cover]](images/ar_cover.gif)
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TONGAAT-HULETT - AN INTRODUCTION
Tongaat-Hulett has a proud history built on the ability to transform itself
and capitalise on opportunities in changing business environments. It is doing
so again by introducing black economic empowerment equity participation in both
Tongaat-Hulett and Hulett Aluminium and simultaneously unbundling and listing
Hulett Aluminium.
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SUSTAINABILITY REPORT 2005
Tongaat-Hulett’s aim is to create value for all stakeholders in a manner that is responsible and contributes meaningfully to the social and physical environment in which it operates.
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CORPORATE GOVERNANCE
The Tongaat-Hulett Group is committed to conformance with good corporate
governance, upholding the principles of openness, integrity, accountability,
transparency and social responsibility. The Group continues to support the Code
of Corporate Practices and Conduct embodied in the 2002 King Report and believes
that it complies, in all material respects, with its provisions.
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FINANCIAL QUICKLINKS
FINANCIAL HIGHLIGHTS
| 2005 | 2004 * | |
| Revenue (Rmillion) | 6 926 | 6 298 |
| Operating profit (Rmillion) | 730 | 358 |
| Headline earnings (Rmillion) | 466 | 206 |
| Headline earnings per share – basic (cents) | 452,4 | 202,5 |
| Annual dividend per share (cents) | 400,0 | 170,0 |
| Interim paid | 120,0 | 50,0 |
| Final proposed | 280,0 | 120,0 |
| * Restated for IFRS |