- The Tongaat-Hulett Group operating profit grew by
40% to exceed R1 billion for the first time with ROCE
increasing to 14,8%.
- Moreland’s fourth successive year of record breaking
performance with revenue increasing by 30% and
operating profit increasing by 41% to R325 million.
- Rolled products sales volumes increased by 6% to
183 000 tons annualised with Hulett Aluminium’s
revenue exceeding R5 billion for the first time and
operating profit increasing by 32% to R422 million.
- Earnings growth acceleration continued in sugar
operations with operating profit increasing by 42%
to R356 million including dividends of R61 million
received from Triangle in Zimbabwe.
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It gives me great pleasure to report on another
successful year for the Tongaat-Hulett Group and
an increase of 51 percent in headline earnings to a
record of R703 million in 2006.
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The TongaatHulett Group continued to capitalise on and strengthen its competitive strategic platform during 2006. Improving global fundamentals combined with key management actions resulted in headline earnings growth of 51 percent.
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The Tongaat-Hulett Group has a proud history dating back to the 1850’s. It has demonstrated the ability
to transform itself and capitalise on opportunities in changing business environments. The Group, like many
South African companies, has evolved from a diversified industrial business to its current composition.
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The Tongaat-Hulett Group views the components of triple bottom line sustainability as integral to its business and constantly strives to create value for all its stakeholders, and to promote the upliftment and socioeconomic development of the communities in which it operates.
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The Tongaat-Hulett Group is committed to upholding the principles of the Code of Corporate Practices embodied in the 2002 King Report and views the implementation of good corporate governance practices as integral to its business.
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FINANCIAL QUICKLINKS
FINANCIAL HIGHLIGHTS
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|
2006 |
2005 |
Revenue (Rmillion) |
|
7 848 |
6 926 |
Operating profit (Rmillion) |
|
1 020 |
730 |
Headline earnings (Rmillion) |
|
703 |
466 |
Headline earnings per share – basic (cents) |
|
666,4 |
452,4 |
Annual dividend per share (cents) |
550,0 |
400,0 |
Interim paid |
|
200,0 |
120,0 |
Final proposed |
|
350,0 |
280,0 |
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SHAREHOLDERS' INFORMATION
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