Illovo Sugar (Malawi) Ltd. reported audited group and company earnings results for the year ended March 31, 2014. For the period, the co group reported revenue of MWK 87,848 million compared with MWK 63,185 million for the same period last year. Operating profit was MWK 28,613 million compared with MWK 32,478 million for the same period last year. Profit before taxation was MWK 27,038 million compared with MWK 30,008 million for the same period last year. Net profit for the period was MWK 18,816 million compared with MWK 20,933 million for the same period last year. Headline earnings were MWK 18,816 million compared with MWK 20,904 million for the same period last year. Net profit per share was 2.637 tambale compared with 2.955 tambale for the same period last year. Headline earnings per share was 2.637 tambale compared with 2.930 tambale for the same period last year. Cash generated from operations before working capital changes was MWK 21,041 million compared with MWK 16,562 million for the same period last year. Purchase of property, plant & equipment was MWK 6,593 million compared with MWK 3,731 million for the same period last year.

For the period, the company reported revenue of MWK 49,711 million compared with MWK 37,322 million for the same period last year. Operating profit was MWK 14,910 million compared with MWK 19,600 million for the same period last year. Profit before taxation was MWK 18,898 million compared with MWK 21,395 million for the same period last year. Net profit for the period was MWK 14,640 million compared with MWK 16,118 million for the same period last year. Headline earnings were MWK 14,640 million compared with MWK 16,089 million for the same period last year. Cash generated from operations before working capital changes was MWK 10,517 million compared with MWK 8,685 million for the same period last year. Purchase of property, plant & equipment was MWK 5,121 million compared with MWK 2,656 million for the same period last year.