Abridged Income Statement

Year Ended March

2008 2007 % Change

P’000 P’000

Turnover 921,409 858,585 7.3%Cost of Sales (752,533) (750,313)Gross Profit 168,876 108,272 56.0%Other Operating Income 744 452 Forex losses (578) (2,134)Administrative Expenses (14,833) (11,648)Distribution & marketing expenses (24,688) (28,464)

Other Operating Expenses (1,385) (689)

Operating Profit 128,136 65,789 94.8%Finance costs (741) (246)Profit before taxation 127,395 65,543 94.4%

Taxation (24,715) (11,229)

Profit after taxation 102,680 54,314

Profit before taxation is stated aftertaking into account the following:Depreciation 4,417 4,424 Staff costs 9,006 6,741

Note:

Accounting Policies

The audited financial results have been prepared in compliance with International Financial Reporting Standards (IFRS) which comprise Standards and Interpretations approved by the IASB and applicable requirements of the Companies Act, 2003 Act no 32 of 2004 (new Companies Act).

The accounting policies used in the preparation of the audited financial results are consistent with those used in the annual financial statements for the year ended 31 March 2007 except that during the year the Group adopted the amendments to the existing standards and interpretations on the following:

IFRS 7 - Financial Instruments : Disclosures

IAS 1 - Presentation of Financial Statements amendment.

The amendments to the policies has resulted in additional disclosures to the group as at 31 March 2008.

Supplementary Income Statement

Replacement cost resultsYear Ended March

2008 2007

P’000 P’000Historical cost net profit 102,680 54,314 Less: Inventory effects net of taxation (48,939) (5,186)Inventory profits (65,252) (6,915)Taxation @ 25% 16,313 1,729 Replacement cost net profit 53,741 49,128

Shares in issue 159,722,220 159,722,220 Historical cost earnings per share (thebe) 64.3 34.0 Replacement cost earnings per share (thebe) 33.6 30.8 Dividend per share paid and provided (thebe) 21.0 26.0 Total dividend per share including proposed amount not provided for

41.0 36.0

Abridged Balance Sheet

Year Ended March2008 2007

P’000 P’000ASSETSNon current assetsProperty, plant and equipment 85,462 66,504 Investment Properties 8,758 8,605 Investments 37 37 Prepaid leases 7,707 6,741 Other Receivables 571 756

102,535 82,643 Current assetsInventory 39,614 3,882 Receivables 81,469 29,112 Cash and cash equivalents 125,482 154,262

246,565 187,256 Total Assets 349,100 269,899

EQUITY AND LIABILITIESEquityStated Capital 8,138 8,138 Non distributable reserve 2,200 2,200 Retained income 236,204 172,985

246,542 183,323

Non-Current LiabilitiesDeferred tax liabilities 8,141 4,815 Finance lease commitment 959 776 Provisions 4,109 5,402

13,209 10,993 Current LiabilitiesPayables 85,380 75,241 Taxation 3,969 342

89,349 75,583

Total liabilities 102,558 86,576

Total Equity and Liabilities 349,100 269,899

Abridged Statement of Changes in Equity

Stated Capital Non Distributable

reserves

Accumulated Profits

P’000 P’000 P’000

Balance at 1 April 2006 8,138 2,200 152,495 Withholding Tax on dividens from subsidiary (5,074)Net Profit for the period 54,314 Dividends on ordinary shares (28,750)Balance at 1 April 2007 8,138 2,200 172,985 Withholding Tax on dividens from subsidiary (5,919)Net Profit for the period 102,680 Dividends on ordinary shares (33,542)Balance at 31 March 2008 8,138 2,200 236,204

Abridged Cashflow Statement

Year Ended March2008 2007

P’000 P’000Net cashflow from operations 117,798 55,319 Movement in working capital (78,731) (3,590)Taxation paid (23,682) (16,784)Net cash from operating activities 15,385 34,945 Net cash flows from investing activities (10,623) 5,189 Net cash flows from financing activities (33,542) (30,035)Net increase in cash and cash equivalents (28,780) 10,099 Cash and Cash equivalents at the begining of the period 154,262 144,163 Cash and Cash equivalents at the end of the period 125,482 154,262