Tongaat Hulett's ailing fortunes in recent years appear to be on a trajectory of recovery, judging by its recently released interim financial results for the first half-year ended September 30, 2020 (H1 2020).
For the period under review, continuing operations reported a 37 percent increase in revenue to R8,2 billion (H1 2019: R6 billion), a 95 percent increase in operating profit to R1,9 billion (H1 2019: R973 million), and a 127 percent increase in earnings before interest, taxes, depreciation, and amortisation to R2,5 billion (H1 2019: R1,1 billion).
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article