TONGAAT HULETT LIMITED - Tongaat Hulett: Trading Statement for the year ended 31 March 2013

Tongaat Hulett: Trading Statement for the year ended 31 March 2013

Tongaat Hulett Limited
(Registration number 1892/000610/06)
Share code: TON
ISIN ZAE000096541

TONGAAT HULETT:   TRADING STATEMENT FOR THE YEAR ENDED 31
MARCH 2013

The following trading statement is issued for the year to
31 March 2013.

Headline earnings are expected to increase by 18,7% to
R1,058 billion for the year, compared to the R891 million
earned last year. Headline earnings per share for the
year are expected to be 959 cents per share (2012: 838
cents per share), a 14,4% increase.

Profit from operations is expected to increase by 11,7%
to R2,145 billion (2012: R1,921 billion), with the
following   major   elements:   Profit   from  the   starch
operations   amounting   to   R388   million  (2012:   R363
million). Profit from the land conversion and development
operations increasing to R350 million (2012: R215
million), with sales mainly in the Cornubia industrial
and Umhlanga Ridge areas. The various sugar operations
are expected to generate operating profit of R1,435
billion (2012: R1,428 billion). Tongaat Hulett’s total
sugar production increased by 9% to 1,254 million tons.
The major production increase this year was in Zimbabwe,
following the 42% increase in sugar production in
Mozambique in the previous season. In South Africa, sugar
production was, inter alia, impacted by the national
transport strike followed by unusually heavy rains in the
last three months of the crushing season and production
levels remained at the same level as last year. A net
charge of R28 million is expected to be reflected on the
centrally accounted and consolidation items (2012: R85
million charge).

This trading statement is issued in accordance with the
JSE Listings Requirements. The above information has not
been reported on by the auditors.


Tongaat
16 May 2013

Sponsor
INVESTEC BANK LIMITED

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