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Company In Brief

This article was originally published in The Public Ledger

SOUTH African sugar and starch producer Tongaat Hulett reported strong growth in profits for the first half of the year ended September 30, thanks to higher sugar production volumes driving down the unit cost of production. Earnings are expected to climb to R654m ($75m) from R501m in the same period last year. Revenue is forecast to reach R7.4bn, up 23% on the prior year.



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