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Financial reports

Integrated Report 2012

Annual results 2012

Salient features from continuing operations
  • Revenue of R6.8 billion up 10.9% excluding Paperlink
  • Underlying operating profit up 11.6% to R585 million excluding Paperlink
  • Basic underlying earnings per share increased to 191.1 cents (December 2011: 102.9 cents)
  • Return on Capital Employed (ROCE) of 16.0% (December 2011: 13.8%)
  • Gearing down to 29% (December 2011: 35%)
  • Total gross cash dividends for the year of 70 cents per share (December 2011: 40 cents per share)

Interim results 2012

Salient features from continuing operations
  • Revenue of R3.2 billion up 11.7% excluding Paperlink
  • Underlying operating profit up 8.4% to R222 million excluding Paperlink
  • Basic underlying earnings per share increased to 63.7 cents (June 2011: 4.3 cents)
  • Return on Capital Employed (ROCE) of 14.1% (June 2011: 13.4%)
  • Gearing down to 36% (June 2011: 96%)
  • Interim gross cash dividend declared of 20 cents per share (June 2011: nil cents per share)