Financial Highlights

  15 months to 12 months to
  31 March 31 December
  2010 2008
Revenue (Rmillion) 11 136 7 106
Profit from operations (Rmillion) 1 691 1 132
Net profit attributable to shareholders (Rmillion) 2 898 649
Headline earnings (Rmillion) 858 583
Earnings per share - basic (cents) 2 791,6 629,7
Headline earnings per share - basic (cents) 826,5 565,6
Annual dividend per share (cents) 275,0 310,0

JB Magwaza


It gives me great pleasure in my first year as Chairman to present my statement to our shareholders. It is pleasing to refer to the continued growth in earnings in the current reporting period, particularly in terms of profit from operations and headline earnings, as detailed in this annual report. The financial year-end has changed to the end of March, which corresponds with the sugar season in all the countries in which we operate. Tongaat Hulett remains well positioned with its agriculture and agri-processing components of the business and in land conversion and development activities.

Peter Staude
Chief Executive Officer


Profit from operations of R1,691 billion for the fifteen month period ended March 2010 reflected an increase of 28 percent over the corresponding period, with headline earnings improving by 37 percent to R858 million (March 2009: R626 million). Tongaat Hulett has increased profit from continuing operations every year since 2003 as the company benefits from its growing operations and the emerging favourable global dynamics for glucose, starch, sugar, renewable energy and land.