Reports
and results

Industrial [photo] 

Financial results

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.