ENRC Announces H1 Y2011 Operating Results
OREANDA-NEWS. September 06, 2011. EURASIAN NATURAL RESOURCES CORPORATION PLC (London), whose common shares are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release, reported the press-centre of KASE:
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Financial Highlights for H1 2011
- Strong growth against H1 2010. Recovery in our traditional markets, the continued strength of the Chinese economy and significantly higher commodity prices. Revenue up 32% to USD 4,011 million.
- Total costs increased 30% to USD 2,344 million, due to higher unit costs of sale, volume growth and the costs for developing the businesses in Africa and Brazil.
- Underlying EBITDA up 33%, to USD 1,927 million; Underlying EBITDA margin steady at 48% (H1 2010: 47%).
- Earnings per share up 30%, to US 91 cents.
- Dividend per share of US 16 cents; a dividend payout ratio of 18%.
- Strong balance sheet: gross available funds, USD 1,600 million; net debt, USD 2 million.
- A substantial increase in the operating cash flow, to USD 1,184 million.
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