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Company in Brief

This article was originally published in The Public Ledger

SOUTH Africa’s Illovo Sugar posted a 30% rise in first-half earnings as output rose, and said it expects solid results ahead. Revenue rose 25% to R5.7b ($634m). Illovo said full-year sugar output was likely to increase by as much as 15% from the previous season’s 1.5m tonnes, due to “a return to more normal growing conditions” which “will likely produce an increase in cane crushed”.



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