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  Unaudited Interim Results for the 6 months ended 30 June 2007     E-mail

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UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT
for the six months ended 30 June 2007 (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
  2007   2006 2006
US$ MILLION     RESTATED RE-PRESENTED
Revenue 156,5   149,3 266,4
Continuing operations        
Trading profit 63,1   47,5 107,7
Exchange gains arising on translation 0,5   3,0 4,0
Net long-term receivable fair value adjustment   9,0
Impairment of plant and equipment   (0,9) (0,2)
Profit from operations 63,6   49,6 120,5
Net finance costs (14,2)   (10,8) (31,2)
   Finance expense (17,4)   (12,9) (35,9)
   Finance income 3,2   2,1 4,7
Share of profit of equity accounted investee   0,1
Exceptional items (0,9)   0,1 (5,4)
Profit before taxation 48,5   38,9 84,0
Income tax expense (3,2)   (4,1) (10,2)
Profit after tax from continuing operations 45,3   34,8 73,8
Discontinued operations (net of income tax) 0,5   (1,4) (10,9)
Profit for the period 45,8   33,4 62,9
Attributable to:        
Equity holders of the company 27,5   18,7 36,9
Minority interest 18,3   14,7 26,0
  45,8   33,4 62,9
Number of shares in issue (million) 187,2   156,5 155,6
Weighted average number of shares in issue (million) 187,1   155,8 156,5
Basic earnings per share (US cents)        
   Entity as a whole 14,7   12,1 23,6
   Continuing operations 14,5   12,6 27,5
   Discontinued operations 0,2   (0,5) (3,9)
Diluted earnings per share (US cents)        
   Entity as a whole 14,7   10,7 20,6
   Continuing operations 14,5   11,1 23,9
   Discontinued operations 0,2   (0,4) (3,3)
Headline earnings per share (US cents) 13,5   10,7 27,7
Diluted headline earnings per share (US cents) 13,4   9,5 24,1
Adjusted headline earnings per share (US cents) 15,2   12,3 30,8
Diluted adjusted headline earnings per share (US cents) 15,2   10,8 26,6
Period-end rate of exchange: SA rand to US dollar 7,07   7,10 6,98
Average rate of exchange for the period: SA rand to US dollar 7,17   6,31 6,77
Trading profit from continuing operations comprises:        
   Textainer 58,0   47,0 106,7
   TrenStar 3,2   (2,0) (3,4)
   Other 1,9   2,5 4,4
  63,1   47,5 107,7

 
 
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