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16.04.2013 15:10 #Corporate events

EURASIAN NATURAL RESOURCES CORPORATION PLC (ENRC, United Kingdom) announces preliminary FY2012 results

/KASE, April 16, 13/ – EURASIAN NATURAL RESOURCES CORPORATION PLC (London), whose shares officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of March 20, 2013:

quote

Financial Highlights for 2012

  • Financial performance impacted by poor pricing environment.
  • Revenue declined by 18% to US$6,320 million.
  • Cost of sales up 6% to US$3,723 million, as a result of higher depreciation.
  • Underlying EBITDA fell by 45% to US$1,887 million; Underlying EBITDA margin of 29.9%.
  • Non-cash charges for impairment and an onerous contract provision totalling approximately US$1.5 billion, primarily related to Aluminium of Kazakhstan, the Group’s contract with RUSAL, and Boss Mining.
  • Basic loss per share of US 62 cents (2011 earnings per share: US 153 cents); earnings per share (adjusted) of US 41 cents (2011: US 155 cents).
  • No final dividend proposed; full year payout ratio of 16% based on interim dividend of US 6.5 cents.
  • Gross available funds of US$743 million; borrowings of US$5,833 million. US$3,000 million of additional facilities obtained since the start of 2012.

unquote

The full version of the press-release is available on KASE website, at see more

[2013-04-16]