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India

Tongaat Hulett Ltd (TONJ.J)

TONJ.J on Johannesburg Stock Exchange

1,321.00ZAc
10 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Tongaat Hulett Says Suspension Of Listing Of Co's Shares Voluntary
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Tongaat Hulett Ltd ::TONGAAT HULETT - DECISION BY BOARD TO REQUEST SUSPENSION OF LISTING OF TONGAAT HULETT SHARES ON JOHANNESBURG STOCK EXCHANGE WAS VOLUNTARY.TONGAAT HULETT - REASON FOR SUSPENSION WAS TO ENSURE THAT THE MARKET HAD RELEVANT INFORMATION TO ENABLE FAIR TRADING.TONGAAT HULETT LTD - CEO SAYS THE SUSPENSION DOES NOT HAVE AN IMPACT ON DAY TO DAY OPERATIONS AND TONGAAT HULETT CONTINUES AS A GOING CONCERN.TONGAAT HULETT - SUSPENSION OF LISTING TEMPORARY, PLAN TO RE-INSTATE LISTING AFTER FINANCIAL RESULTS AT END OF OCTOBER 2019.TONGAAT HULETT - CONTINUES TO ENGAGE POSITIVELY IN A COLLABORATIVE PROCESS WITH ITS LENDERS.  Full Article

Tongaat Hulett To Restate March 2018 Financial Statements
Monday, 10 Jun 2019 

June 10 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - SUSPENSION OF LISTING OF SHARES AT REQUEST OF THE COMPANY.TONGAAT HULETT LTD - REQUESTED THAT JSE SUSPEND LISTING OF COMPANY'S SECURITIES WITH IMMEDIATE EFFECT.TONGAAT HULETT - LISTING OF SECURITIES ON LONDON STOCK EXCHANGE, ON WHICH CO HAS SECONDARY LISTING, HAS ALSO BEEN SUSPENDED.TONGAAT HULETT - CONTINUING TO FORMULATE ONGOING STRATEGIC REVIEW AND COMPREHENSIVE TURNAROUND STRATEGY.TONGAAT HULETT - REACHED CONCLUSION TO RESTATE MARCH 2018 FINANCIAL STATEMENTS, CONSEQUENTIAL IMPACT ON 30 SEPT 2018 STATEMENT.  Full Article

Tongaat Hulett Says Restatement Of Prior Financial Information Is Anticipated
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Tongaat Hulett Ltd ::RENEWAL OF CAUTIONARY ANNOUNCEMENT.STRATEGIC AND FINANCIAL REVIEW IS ONGOING WITH CONSIDERABLE PROGRESS BEING MADE TO DATE..WHILE FULL IMPACT OF THIS REVIEW IS STILL BEING DETERMINED, A RESTATEMENT OF PRIOR FINANCIAL INFORMATION IS ANTICIPATED.FULL IMPACT OF STRATEGIC & FINANCIAL REVIEW STILL BEING DETERMINED, RESTATEMENT OF PRIOR FINANCIAL INFORMATION IS ANTICIPATED.CONTINUE TO ENGAGE IN COLLABORATIVE PROCESS WITH DEBT PROVIDERS TO ENSURE COMPANY'S LONG-TERM SUSTAINABILITY.IMPLEMENTATION OF A TURNAROUND PLAN RESETTING FINANCIAL AND COMMERCIAL PRIORITIES HAS COMMENCED.IMPLEMENTATION OF TURNAROUND PLAN STREAMLINING & RATIONALISING BUSINESSES, REVITALISING EXECUTIVE LEADERSHIP TEAM HAS COMMENCED.IS COMMITTED TO FINALISING 31 MARCH 2019 AUDITED ANNUAL FINANCIAL STATEMENTS BY END JUNE 2019.  Full Article

Tongaat Hulett Sees HY HEPS & EPS To Reflect A Loss In Excess Of 803 Cents & 927 Cents Respectively
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Tongaat Hulett Ltd ::GAVIN HUDSON COMMENCED HIS DUTIES ON 1 FEBRUARY 2019 AS NEW CHIEF EXECUTIVE OFFICER OF TONGAAT HULETT.COMPANY HAS APPOINTED ADVISORS TO MANAGE DEBT AND WILL ENTER INTO DISCUSSIONS WITH LENDERS THIS COMING WEEK.HY HEPS AND EPS ARE BOTH EXPECTED TO REFLECT A LOSS IN EXCESS OF 803 CENTS AND 927 CENTS RESPECTIVELY.GAVIN HUDSON COMMENCED AS NEW CEO TO EXPEDITE IMMEDIATE AND COMPREHENSIVE STRATEGIC AND FINANCIAL REVIEW.DURING STRATEGIC & FINANCIAL REVIEW, BECOME CLEAR THAT BUSINESS FACING MORE CHALLENGES & OPERATIONAL PERFORMANCE CONTINUED TO DECLINE.A PERMANENT CHIEF FINANCIAL OFFICER HAS BEEN APPOINTED.  Full Article

Tongaat Hulett Says FY HEPS & EPS Are Both Expected To Reflect A Loss In Excess Of 803 Cents And 927 Cents Respectively
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Tongaat Hulett Ltd ::FY HEPS AND EPS ARE BOTH EXPECTED TO REFLECT A LOSS IN EXCESS OF 803 CENTS AND 927 CENTS RESPECTIVELY.GAVIN HUDSON COMMENCED HIS DUTIES ON 1 FEBRUARY 2019 AS NEW CHIEF EXECUTIVE OFFICER OF TONGAAT HULETT.COMPANY HAS APPOINTED ADVISORS TO MANAGE DEBT AND WILL ENTER INTO DISCUSSIONS WITH LENDERS THIS COMING WEEK.GAVIN HUDSON COMMENCED AS NEW CEO TO EXPEDITE IMMEDIATE AND COMPREHENSIVE STRATEGIC AND FINANCIAL REVIEW.DURING STRATEGIC & FINANCIAL REVIEW, BECOME CLEAR THAT BUSINESS FACING MORE CHALLENGES & OPERATIONAL PERFORMANCE CONTINUED TO DECLINE.A PERMANENT CHIEF FINANCIAL OFFICER HAS BEEN APPOINTED.  Full Article

Tongaat Hulett Appoints John Gavin Chief Executive
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Tongaat Hulett Ltd ::APPOINTMENT OF CHIEF EXECUTIVE OFFICER.APPOINTMENT OF JOHN GAVIN HUDSON AS CHIEF EXECUTIVE OFFICER.APPOINTMENT OF HUDSON IS WITH EFFECT FROM 1 FEBRUARY 2019.  Full Article

Tongaat Finalising Appointment Of New Permanent CEO
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - UPDATE ON APPOINTMENT OF CHIEF EXECUTIVE OFFICER.TONGAAT HULETT LTD - APPOINTMENT OF A NEW PERMANENT CHIEF EXECUTIVE OFFICER AND A DETAILED ANNOUNCEMENT WILL MADE BEFORE END OF JANUARY 2019.TONGAAT - BOARD IS FINALISING APPOINTMENT OF A NEW PERMANENT CHIEF EXECUTIVE OFFICER AND A DETAILED ANNOUNCEMENT WILL MADE BEFORE END OF JAN 2019.  Full Article

Tongaat HY Headline LOSS OF R87 Mln VS Headline Earnings Of R661 Mln
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - HY HEADLINE LOSS OF R87 MILLION (2017: HEADLINE EARNINGS OF R661 MILLION).TONGAAT HULETT LTD - REVENUE INCREASED 9% TO R8,808 BILLION FOR SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - HY SUGAR OPERATIONS RECORDED A COMBINED OPERATING PROFIT OF R1,138 BILLION (2017: R1,308 BILLION).TONGAAT HULETT LTD - TOTAL SUGAR PRODUCTION IN 2018/19 IS ESTIMATED TO BE BETWEEN 1 311 000 TONS AND 1 352 000 TONS.TONGAAT HULETT LTD - SUGAR PRODUCTION IN 2019/20 IS EXPECTED TO EXCEED 1 400 000 TONS.TONGAAT HULETT LTD - IN CURRENT ECONOMIC CONDITIONS, SOME RECOVERY IN CONSUMER DEMAND IS EXPECTED IN SECOND HALF OF FINANCIAL YEAR.  Full Article

Tongaat Hulett Sees HY HLPS OF 74 CENTS
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Tongaat Hulett Ltd ::TONGAAT HULETT LTD - HY OPERATING PROFIT IS EXPECTED TO BE R530 MILLION.TONGAAT HULETT LTD - LOSS PER SHARE OF 94 CENTS IS EXPECTED FOR SIX MONTHS ENDED 30 SEPTEMBER 2018.TONGAAT HULETT LTD - A HEADLINE LOSS PER SHARE OF 74 CENTS IS EXPECTED FOR HY.TONGAAT HULETT LTD - DECLINE IN OPERATING PROFIT IS LARGELY ATTRIBUTABLE TO LAND TRANSACTIONS THAT WERE NOT CONCLUDED BY 30 SEPTEMBER 2018.TONGAAT - LOCAL MARKET CONDITIONS IN SOUTH AFRICAN, MOZAMBIQUE SUGAR OPERATIONS NEGATIVELY IMPACTED REVENUE, CANE VALUATIONS REDUCING OPERATING PROFIT.  Full Article

Tongaat Hulett Says HY Headline Earnings To Fall At Least 60 Pct
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Tongaat Hulett Ltd ::HY OPERATING PROFIT IS EXPECTED TO BE AT LEAST 40% BELOW R1,471 BILLION EARNED IN SIX MONTHS ENDED 30 SEPTEMBER 2017.DECLINE IN HY FINANCIAL RESULTS DUE TO LAND CONVERSION AND DEVELOPMENT ACTIVITIES AND SUGAR OPERATIONS IN SOUTH AFRICA, MOZAMBIQUE.HEPS AND EPS FOR SIX MONTHS ENDED 30 SEPTEMBER 2018 ARE EXPECTED TO BE BELOW 230 CENTS AND 252 CENTS RESPECTIVELY.HY HEADLINE EARNINGS IS EXPECTED TO REFLECT A DECREASE OF AT LEAST 60% COMPARED TO R661 MILLION REPORTED FOR COMPARATIVE PERIOD.  Full Article

S.Africa's Tongaat Hulett, lenders to consider standstill agreement

JOHANNESBURG, May 16 South Africa's Tongaat Hulett Ltd said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive some of their rights related to their loans to the troubled sugar producer.