South Africa – Drought eats into Tongaat Hulett’s profit [Registered]

Headline earnings for the six months ended Sept. 30 was 673 million rand (US$47 million) compared with 773 million rand a year earlier, the Tongaat. The company maintained its interim dividend at 1.70 rand. It sees total 2015-16 sugar output in the range 1.005 million to 1.09 million tonnes, from 1.3 million tons in the previous season.… Login to continue