Full Year Financial Results for the year ending 31 December 2010 28 February 2011 PERILYA ANNOUNCES A NET PROFIT AFTER TAX OF $ 74.2 MILLION FOR THE 12 MONTHS ENDING 31 DECEMBER 2010 Perilya (ASX:PEM) today released its preliminary financial results for the twelve month period ending 31 December 2010, reporting a net profit after tax of $74.2 million, a significant improvement on the $28.5 million net profit after tax for the preceding period (the previous reporting period was a transitional 6 month period to 31 December 2009). Key Financial Highlights:       A net profit after tax of $74.2 million Free cash on hand of $90.5 million. Net cashflow from operations of $53.2 million for the period.
Sales revenue (net of treatment & refining charges) of $243.7 million. Significant increase in earnings per share up to 14.1cps (previous period 7.1cps). Combined zinc and lead production of 114,900 tonnes (contained) produced at an average C1 cash operating cost at Broken Hill of US$0.48/lb of payable zinc – ahead of market guidance of US$0.50 – US$0.55/lb of payable zinc.
Average price received for zinc during the period was US$0.98/lb resulting in operations generating a healthy cash operating margin of US$0.54/lb of payable zinc. Continuous improvement at the Broken Hill Operations in safety, operating costs and productivity (tonnes mined per employee) achieved throughout the period. Successful acquisition of the former TSX listed GlobeStar Mining Corporation, including the Cerro de Maimón copper, silver & gold mine in the Dominican Republic.
No impairment charges or impairment reversals during the period.     COMMENTARY The results for the 12 months to 31 December 2010 saw another strong year from the Company’s Broken Hill operations where the Company is continuing its strong performance in mining production coupled with an excellent safety performance. These outstanding performances are highlighted by mining production being 18% above plan for FY2010 and the All Injury Frequency Rate dropping to 17.2 (compared with 27.5 at the corresponding time last year).
These results are a reflection of the strong focus and delivery in terms of both production and safety performance by our entire team at Broken Hill. Combined metal production was slightly below market guidance of 120,000 tonnes due to grades being lower than plan, however, notwithstanding this, the Company has continued to maintain a very tight control on costs PERILYA LIMITED PAGE 1 of 22 within ....
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Company Profile
About Perilya
Phone: 08 6330 1000
Fax: 08 6330 1099
GIGS : Materials
Shares on Issue : None
Date Listed : 1987-07-23 - 23 years, 7 months ago
Activities: Base Metals Mining
Quelle : finanznachrichten.de /
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