A sound performance for the 6 months to 30 June 2003
08 August, 2003
- Headline earnings per share increased by 2% to 61 US cents despite weakness of the US dollar.
- Strength from product and geographic diversity.
- Outstanding contribution from Diamonds, up 49%, strong performances from European Paper and Packaging and Industrial Minerals, more than offset reduced earnings from Platinum, Gold and Coal.
- Geographic headline earnings significantly altered:
H1 2003 H1 2002 Europe 30% 21% South Africa 30% 54% North and South America 12% 7% Rest of World 28% 18% - Further cost savings and efficiency improvements of $127 million achieved.
- Strong cash generation: EBITDA(1) up 9% at $2.4 billion; EBITDA interest cover of 14 times; annualised EBITDA return on total capital 19%.
- $6 billion expansion programme in progress.
- Interim dividend maintained at 15 US cents per share.
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