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South Africa’s Tongaat Hulett reports a narrower annual loss

South Africa’s Tongaat Hulett reports a narrower annual loss

14 August 2020

 

South Africa sugar producer Tongaat Hulett on Friday reported a narrower annual loss thanks to an improvement in its sugar operations, a good performance in its starch and glucose business and increased land sales.

Tongaat, which processes sugarcane and maize, reported a headline loss per share for continuing operations of 211 cents for the year ended March compared with a loss of 1,226 cents per share in the same year-ago period.

 

Source: Reuters

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