Sugar cane fields on a Tongaat Hulett farm in Shongweni

Shares in South Africa's Tongaat drop after profit warning

JOHANNESBURG (Reuters) - South Africa's Tongaat Hulett on Friday warned of a headline earnings loss for the year to March 31, sending shares in the sugar producer down 12.3 percent at 1308 GMT.

It reported a profit of 617 million rand ($44.03 million) the previous year.

($1 = 14.0142 rand)

(Reporting by Emma Rumney; editing by Jason Neely)

2019-02-22 15:50:47

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