Untitled Document Audited Group Results for the year ended March 2012
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Highlights - Operating profit up 31%
- Headline earnings increase by 18%
- Strong cash generation
- Mali project terminated
Quote: Graham Clark, Managing Director, commented: We are pleased to report much improved results for the year with operating profit up 31% and headline earnings per share up 18%. Production prospects for the group are positive with increased areas under cane and a return to more normal weather. Market conditions remain buoyant. The termination of our involvement in a potential greenfield project in Mali is disappointing but provides an opportunity to re-deploy a very experienced project team elsewhere in the group to pursue other growth opportunities.
Enquiries: Illovo Sugar Limited
| 031 508 4300 | | Graham Clark, Managing Director |
| | Mohammed Abdool-Samad, Financial Director | | | Chris FitzGerald, Group Public Affairs Manager | | | | | | College Hill | 011 447 3030 | | Nicholas Williams | 082 600 2192 |
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