Hoechst South Africa Growth Up On Forecast
Announcing the first year-end financial results since listing on the Johannesburg, South Africa, Stock Exchange last July (Marketletters passim), Hoechst South Africa Ltd produced 1995 attributable earnings of 60.5 million rand ($15.4 million). This is significantly higher than the prospectus' forecast of 57.7 million, thus maintaining its consistent pattern of growth of the past six years. Net operating income (including income from associated companies on a pretax basis) for the year increased 32% to 115.9 million rand.
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