:. Food Industry News

Categories: Corporate Results

South Africa: Tongaat-Hulett Sees H1 Profit from Ops up 44 pct

Source: Reuters
24/07/2008

Johanneburg, July 23 - South African sugar group Tongaat-Hulett said on Wednesday it expects its first-half profit from operations to increase by 44 percent to 443 million rand.

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The group said the profit for the six months to end-June came from its sugar and starch operations, and its land and property development.

"Increased profit contributions came from the sugar operations in Mozambique, Swaziland and Zimbabwe," Tongaat said in a statement.

The firm said its South African operations were under increased pressure because of a small crop in 2007 and lower exports.

It will release its interim results on August 4.



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