{"id":10760,"date":"2012-05-28T10:13:06","date_gmt":"2012-05-28T08:13:06","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-1-tongaat-hulett-says-fy-earnings-output-higher\/"},"modified":"2012-05-28T10:13:06","modified_gmt":"2012-05-28T08:13:06","slug":"update-1-tongaat-hulett-says-fy-earnings-output-higher","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-tongaat-hulett-says-fy-earnings-output-higher\/","title":{"rendered":"UPDATE 1-Tongaat Hulett says FY earnings, output higher"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> May 28 (Reuters) &#8211; South Africa&#8217;s Tongaat<br \/>\nHulett reported a nearly 11 percent rise in full-year<br \/>\nearnings on Monday, boosted by an increase in sugar output and<br \/>\nprices and said it expected production to grow further in the<br \/>\nnext season.<\/p>\n<p><span><\/span><\/p>\n<p>The agri-processing company said diluted headline earnings<br \/>\nper share for the year to end-March totalled 819.4 cents from<br \/>\n739.6 cents a year ago.<\/p>\n<p><span><\/span><\/p>\n<p>Headline earnings are the main profit gauge in South Africa<br \/>\nand exclude certain one-off and non-trading items.<\/p>\n<p><span><\/span><\/p>\n<p>Tongaat Hulett has interests in land management and property<br \/>\ndevelopment, but its main business is sugar production and<br \/>\nmilling.<\/p>\n<p><span><\/span><\/p>\n<p>The company, which has operations in South Africa,<br \/>\nMozambique, Zimbabwe and Swaziland, said total sugar output rose<br \/>\n14 percent to 1.150 million tonnes.<\/p>\n<p><span><\/span><\/p>\n<p>It said sugar production was expected to increase by between<br \/>\n12 percent and 25 percent in the 2012\/13 season.<\/p>\n<p><span><\/span><\/p>\n<p>Tongaat Hulett shares have gained 8 percent so far this<br \/>\nyear, compared with a 3 percent rise in Johannesburg&#8217;s All-share<br \/>\nIndex.\t<\/p>\n<p> (Reporting by Ed Stoddard and Olivia Kumwenda)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds background) JOHANNESBURG May 28 (Reuters) &#8211; South Africa&#8217;s Tongaat Hulett reported a nearly 11 percent rise in full-year earnings on Monday, boosted by an increase in sugar output and prices and said it expected production to grow further in the next season. The agri-processing company said diluted headline earnings per share for the year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10760"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10760\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}