Review of results

Reunert has produced strong results for the financial year ending 30 September 2001. Turnover grew by 27%, while improved margins and cost control led to an increase in operating profit of 38%.

Headline earnings per share increased by 25% to 176 cents per share and the dividend by 20% to 91 cents per share. Since the commencement of the share buyback in July 2000, the group has repurchased a total of 17,2 million shares at a cost of R235 million. The average price paid was R13,67, inclusive of all costs.