Interim report for the six months ended 30 September 2012 and trading statement for the year ending 31 March 2013
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Highlights - Sugar production up 17%
- Own cane production up 14%, at record levels
- Operating profit up 38% on seasonal basis
- HEPS up 30%
Quote: Graham Clark, Managing Director, commented: “The 2012/2013 sugar season has begun well, with our production at the half year up 17% and our half year operating profit on a seasonal basis increasing to R854m. This pleasing performance is on the back of an anticipated group cane production record for the season with a notable recovery in South Africa following excellent rainfall after the prior drought. We have continued to focus on enhancing efficiencies across our operations and have benefited from better market conditions for sugar. We expect this positive momentum to continue for the full year.”
Enquiries: Illovo Sugar Limited
| 031 508 4300 | | Graham Clark, Managing Director |
| | Mohammed Abdool-Samad, Financial Director | | | Chris Fitz-Gerald, Public Affairs Manager | | | | | | College Hill | 011 447 3030 | | Nicholas Williams | 082 600 2192 |
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