/KASE, April 8, 11/ - EURASIAN NATURAL RESOURCES CORPORATION PLC (London), whose
common shares are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release of March 23, 2011:
quote
Financial Highlights for 2010
- ?Strong financial performance in the year, as a result of record production
volumes and the recovery in the markets for our products.
- Revenue up 72% to US$6,605 million. Like-for-like revenue up 62%.
- Cost of sales up 46% to US$2,847 million, as a result of increased volumes
and rising costs, as well as the inclusion of the Other Non-ferrous Division.
Like-for-like costs rose 28%.
- Underlying EBITDA up 118%, to US$3,194 million; Underlying EBITDA margin of
48%.
- Earnings per share up 110%, to US 170 cents; including a one-off gain of
US$298 million related to the BMBV acquisition and expensed acquisition-
related costs of US$73 million.
- An effective tax rate of 26.2%, including the impact of the above items.
- Final dividend of US 18.0 cents per share; US 30.5 cents for the full year.
Payout ratio of 18%.
- Strong balance sheet maintained, with gross available funds of US$1,672
million; borrowings of US$1,632 million.
Business Highlights for 2010
- ?Production of the Group's principal commodities, high carbon ferrochrome,
iron ore, alumina, aluminium and coal all at record levels.
- Progress on cost control initiatives and productivity gains, partially
off-setting cost pressures.
- Completion of Phase 2 of the aluminium smelter in May; construction of the
new 440 ktpa high carbon ferrochrome plant at Aktobe underway.
- Further acquisitions completed to enhance the Group's asset portfolio:
additional copper and cobalt assets in the DRC and Zambia; and expansion of
the iron ore asset base in Brazil.
unquote
The full version of this press-release is available on the KASE website, at:
-
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_230311.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_230311.e.pdf - in
English.
[2011-04-08]