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Highlights

Revenue from continuing operations up 3% to R5 425 million
Profit from continuing operations up 48% to R484 million
HEPS up 127% to 238c
Cash dividend of 70c declared
All strategic growth projects in ramp-up phase

Commentary

Performance

The Groupís performance strengthened further in the first six months of 2010 with recovery in the mining and manufacturing sectors from the 2009 economic crisis contributing significantly to the Groupís improved results. Revenue from continuing operations increased by 3% to R5 425 million (2009: R5 263 million), with further growth being curtailed by the strong rand. Overall volumes grew by about 15% for continuing operations compared to the first half of 2009. Headline earnings of R255 million (2009: R112 million) increased by 128% and profit from continuing operations improved by 48% to R484 million (2009: R328 million). Headline earnings per share increased to 238 cents (2009: 105 cents).

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Financials

Income statement
Statement of comprehensive income
Statement of financial position
Statement of cash flows
Statement of changes in equity
Other salient features
Industry segment analysis
Notes