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RAWA1 - Rand Water - Interim results for the six months ended 31 December 2010

Release Date: 28/02/2011 14:58
Code(s): JSE
Wrap Text

RAWA1 - Rand Water - Interim results for the six months ended 31 December 2010 RAND WATER Rand Water is established in terms of the Water Services Act, 1997 (the `Act`). The Government of the Republic of South Africa, through the Department of Water Affairs and duly represented by the Minister of Water and Environmental Affairs, is the sole shareholder of Rand Water. In terms of the Act, Rand Water`s primary activity is the provision of bulk water supply services (potable bulk water and sanitation services) within the predetermined service area. 522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South Africa PO Box 1127, Johannesburg, 2000 Tel: +27 11 682 0911 Fax: +27 11 682 0444 www.randwater.co.za Interim results for the six months ended 31 December 2010 Rand Water wishes to advise that its interim results for the six months ended 31 December 2010 are available on its website www.randwater.co.za Highlights include: Revenue: R3 billion (21% growth) EBITDA: R488 million (38% increase) EBITDA Margin: 16% (2009: 14%) Profit: R390 million (51% increase) Capital Expenditure: R417 million Long-term Loans: R630 million Accumulated Reserves: R6.6 billion Cash generated from Operations increasing by 137% to R391 million Glenvista 28 February 2011 Date: 28/02/2011 14:58:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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