OREANDA-NEWS. April 14, 2011. 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, reported the press-centre of KASE:

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 USD 6,605 million. Like-for-like revenue up 62%.

- Cost of sales up 46% to USD 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 USD 3,194 million; Underlying EBITDA margin of 48%.

- Earnings per share up 110%, to US 170 cents; including a one-off gain of USD 298 million related to the BMBV acquisition and expensed acquisition-related costs of USD 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 USD 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.