Reports
and results

Industrial [photo] 

Financial results

FY2017

Audited results for the year ended 31 March 2017
    • Audited results for the year ended 31 March 2017

      Highlights

      • Revenue down 3% to R16.3 billion
      • Profit after tax of R592 million down 8%
      • Operating profit down 6% - R1 040 million
      • Headline earnings per share down 7% - 881 cents
      • Profit before tax of R856 million - down 8%
      • A- CREDIT RATING - affirmed by Global Credit Rating in August 2016 at A- (long-term) and A1- (short-term), with a stable outlook
      • STRONG BALANCE SHEET: Ungeared balance sheet at year-end of R90m net cash
      • Cash generated from operations R1 349million
      • RESTATEMENT OF FY2016 EARNINGS from R702m to R642m*
      • Concluded the ACQUISITION OF 90% INTEREST IN UMONGO PETROLEUM for R780m

      * Due to an ongoing legal dispute regarding the recoverability of amounts overcharged by a third-party supplier of raw material to the Agriculture division, which remains unresolved at this stage.

       

 
Unaudited results for the six months ended 30 September 2016
  • Highlights

    • Revenue increased by 2.5% to R7.9 billion
    • Profit for the period down 22.1% to R258 million
    • Headline earnings per share down 24.9% to 371 cents
    • Debt: equity ratio improves from 22.8% to 20.2%
    • Operating margin down by 1.1% to 5.8%
    • Dividend declared of 160 cents pershare