TON - Tongaat Hulett - Trading statement for the half-year to 30 September 2011

TON - Tongaat Hulett - Trading statement for the half-year to 30 September 2011 
Tongaat Hulett Limited                                                          
(Registration number 1892/000610/06)                                            
Share code: TON                                                                 
ISIN ZAE000096541                                                               
TONGAAT HULETT:  TRADING STATEMENT FOR THE HALF-YEAR TO 30 SEPTEMBER 2011       
The following voluntary trading statement is issued for the half-year to 30     
September 2011.                                                                 
Tongaat Hulett`s revenue increased by 27,6% to R6,027 billion for the half-year 
(2010: R4,724 billion). Profit from operations is expected to increase to R1,047
billion (2010: R963 million). Excluding the R130 million gain in the prior      
period in respect of the pension fund employer surplus account allocation, the  
increase in profit from operations is 25,7%.                                    
The profit from operations includes profit from the Mozambique sugar operations 
of R267 million (2010: R163 million), the Zimbabwe sugar operations of R364     
million (2010: R303 million), the South African agriculture, milling and        
refining operations of R54 million (2010: R47 million) and the various other    
sugar and downstream activities of R172 million (2010: R155 million). Profit    
from the starch operations amounts to R167 million (2010: R125 million) and     
profit from the land conversion and development operations is R62 million (2010:
R97 million). A net charge of R39 million is reflected on the centrally         
accounted and consolidation items (2010: a net gain of R73 million).            
Total net profit, before minority interests, is expected to be R597 million     
for the six months to 30 September 2011 (2010: R552 million). Headline earnings 
are expected to be R501 million for the half-year, compared to the R507 million 
earned in the same period last year. Headline earnings per share for the        
half-year are expected to be 474 cents per share (six months to September       
2010: 482 cents per share).                                                     
Tongaat Hulett`s total sugar production for the 2011/12 year is expected to     
increase by some 14% above the 1 million tons produced in 2010/11, with more    
than 80% of the season`s cane having been milled by the end of October 2011.    
In South Africa, sugar production is expected to be some 8% above that of       
last year. The gap between the hectares under cane and the hectares milled is   
unusually large, inter alia, as a result of the significant cane root planting  
following last year`s drought and the 15 months required to first harvest.      
Sugar production for the year in Zimbabwe is expected to be 10% above last year 
and in Mozambique should increase by some 45%.                                  
This trading statement is issued in accordance with the JSE Listings            
Requirements. The above information has not been reported on by the auditors.   
The interim results for the half-year ended 30 September 2011 are scheduled for 
release on Monday, 14 November 2011.                                            
Tongaat                                                                         
4 November 2011                                                                 
Sponsor                                                                         
INVESTEC BANK LIMITED                                                           
Date: 04/11/2011 07:05:01 Supplied by www.sharenet.co.za                     
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