|
| |
| For the year ended 31 March 2011 |
- Profit for the year up by 459% to R113,2 million
- Headline earnings per share up by 127% to R2,04
- Cash generated by operations up by 22% before the payment of capital gains tax
- Total dividend up by 129% to R1,60 per share, including the payment of a special dividend of R0,50 per share in January 2011
- The sale of the Komati Estate to the Department of Land Affairs concluded in June 2010 with the receipt of the capital proceeds of R200 million and the signing of an agreement with the Department to lease back the estate for a five-year period, renewable for a further five years
- Several strategic projects in an advanced stage of evaluation, planning and implementation including expansion of the cane plantations in Swaziland and the deciduous orchards in the Western Cape
|
| |
FINANCIAL SUMMARY
for the year ended 31 March 2011 |
| |
|
2011
R'000 |
2009
R'000 |
%
Change |
|
|
|
|
|
Shareholders' equity |
R'000 |
439 056 |
341 705 |
28 |
| Revenue |
R'000 |
298 303 |
305 883 |
(2) |
| Operating profit before taxation |
R'000 |
25 794 |
36 402 |
(29) |
| Profit for the year |
R'000 |
113 206 |
20 260 |
459 |
| Headline earnings |
R'000 |
25 250 |
11 133 |
127 |
| |
|
|
|
|
|
|
|
|
|
| Headline earnings per share |
cents |
203,9 |
89,9 |
127 |
| Basic earnings per share |
cents |
911,0 |
166,7 |
446 |
Cash flow from operating activities per share |
cents |
135,1 |
177,0 |
(24) |
| Dividends declared per share |
- ordinary |
cents |
110,0 |
70,0 |
57 |
| |
- special |
cents |
50,0 |
- |
- |
| Net asset value per share |
cents |
3 545 |
2 759 |
28 |
| Market price per share at year end |
cents |
3 600 |
4 500 |
(20) |
|
|
|
|
|
| Dividend cover (headline earnings) |
times |
1,3 |
1,3 |
|
| Interest cover (operating profit before interest and tax) |
times |
7,0 |
6,3 |
|
| |
|
|
|
|
|
|
|
|
|
| Return on shareholders' funds |
% |
29,0 |
5.9 |
|
| Operating margin |
% |
8,6 |
11,9 |
|
| Financial gearing ratio |
% |
6,6 |
21.2 |
|
|
| |
|
|
|
|
|
| |
|
|
|
