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

16.04.13 15:10
/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 http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_200313.pdf [2013-04-16]