SENS Announcements

22 February 2012

Turnover was up 21.2% to R552.8 million (R456.2 million). Operating profit increased by 4.2% to R63.3 million (R60.8 million). Net attributable profit rose by 6% to R42.5 million (R40.1 million). In addition, headline earnings per share grew by 3.1% to 141c (145.5cps).

Dividend
An interim ordinary dividend of 31cps has been declared.

Outlook
The closure of the PVC and PET operations has allowed Transpaco to redeploy resources into an exciting new venture. The group is in the process of establishing a high volume polypropylene recycling facility, which will complement Transpaco"s commitment to recycling.

Transpaco has made substantial investments in new plant and equipment in order to increase capacities and to ensure its competitiveness both locally and against imports. The group will continue in its endeavours to achieve further organic growth and to pursue appropriate acquisitions.