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  Unaudited Interim Results Unaudited 2006     E-mail

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UNAUDITED TRENCOR CONDENSED INCOME STATEMENT
for the six months ended 30 June 2006 (US$)

 

In order to provide a better appreciation of the results of the group’s activities, condensed income statements and balance sheets are also presented in US dollars, as virtually all of the group’s revenue and assets and much of its expenditure are denominated in that currency. The amounts stated in US dollars have been prepared by management and are unaudited.
 
  UNAUDITED     UNAUDITED
  6 MONTHS       YEAR ENDED
  ENDED 30 JUNE 31 DECEMBER
US$ MILLION      2006         2005 2005
Revenue 149,3 152,6 305,6
Continuing operations      
Trading profit 54,8 56,3 117,9
Exchange gains arising on translation 3,0 16,0 12,0
Net long-term receivable valuation adjustment 9,0
Impairment of plant and equipment (0,9) (0,5)
Profit from operations 56,9 72,3 138,4
Net interest expense (18,5) (21,0) (38,1)
   Interest expense (20,9) (22,1) (43,0)
   Interest income 2,4 1,1 4,9
Exceptional items 0,1 (0,7)
Profit before taxation 38,5 51,3 99,6
Income tax expense (4,1) (7,6) (12,7)
Profit after tax from continuing operations 34,4 43,7 86,9
Discontinued operations 0,8 0,9
Profit for the period 34,4 44,5 87,8
Attributable to:      
Equity holders of the parent 19,6 28,8 55,7
Minority interest 14,8 15,7 32,1
  34,4 44,5 87,8
Number of shares in issue (million) 156,5 155,3 155,6
Weighted average number of shares in issue (million) 155,8 154,3 155,0
Basic earnings per share (continuing operations) (US cents) 12,6 18,7 35,4
Diluted earnings per share (continuing operations) (US cents) 11,4 16,4 30,3
Headline earnings per share (US cents) 11,4 16,5 33,1
Diluted headline earnings per share (US cents) 10,5 14,6 28,4
Adjusted undiluted headline earnings per share (US cents) 13,0 18,1 36,1
Period-end rate of exchange: SA rand to US dollar 7,10 6,65 6,310
Average rate of exchange for the period: SA rand to US dollar 6,31 6,23 6,325
Trading profit from continuing operations comprises:      
   Textainer 48,0 55,4 109,1
   TrenStar 4,3 2,5 6,9
   Other 2,5 (1,6) 1,9
  54,8 56,3 117,9

 
 
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