Sales for the year ended 30 June 2012 increased to R1.7 billion (2011: R1.4 billion). Profit from operations grew to R132.1 million (2011: R102 million), while profit for the year attributable to ordinary shareholders of ELB rose to R79.5 million (2011: R67.2 million). Furthermore, headline earnings per ordinary share continued the trend by climbing to 313.1 cents per share (2011: 271.1 cents per share).
*A final cash dividend of 52 cents per share has been declared on the ordinary shares.
*Preference dividend- A final cash dividend has been declared at the rate of 6% per annum for the second six month period on the 6% fixed cumulative redeemable preference shares of R2 each, equivalent to 6 cents per preference share.
Activity levels in the various sectors the ELB group covers remain buoyant and the group remains well positioned to take advantage thereof.