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Tongaat full-year earnings up 15%
FMCG SUPPLIER NEWS
Fin24/ Reuters - May 24th, 10:59
Johannesburg - Tongaat Hulett [JSE:TON] reported a 15% rise in full-year earnings on Friday as sugar production rose and said it expected further growth in the year ahead.
The agri-processing company said diluted headline earnings per share for the year to end-March totalled 942.3 cents from 819.4 cents a year ago.
Total sugar output rose 9% to 1.254 million tonnes. Tongaat Hulett has interests in land management and property development, but its main business is sugar production and milling.
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