Financial Highlights for 2011
· Solid financial performance despite the challenging economic environment.
· Revenue up 17% to US$7,705 million.
· Cost of sales up 24% to US$3,517 million, as a result of rising unit costs across the Group and increased volumes in the Other Non-ferrous and Alumina and Aluminium Divisions.
· Underlying EBITDA up 7% to US$3,413 million; Underlying EBITDA margin of 44%.
· Earnings per share down 10% to US 153 cents due to the one-off gain of US$298 million in 2010. Excluding this one-off gain, EPS would show a 5% increase.
· Final dividend of US 11 cents per share; US 27 cents for the full year. Payout ratio maintained at 18%.
· Gross available funds of US$658 million; borrowings of US$1,594 million. US$3.7 billion of additional facilities obtained since start of 2011.
