Financial results
FY2017
Audited results for the year ended 31 March 2017
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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
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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