Interim results 2006
04 August, 2006
Anglo American announces record underlying earnings of $2.5 billion, up 47%, additional $5 billion capital return and update on Strategic Review
- Operating profit increased to $4.6 billion, up 52%
- Record underlying earnings of $2.5 billion, up 47%, impacted by higher tax charges
- Cash generation (EBITDA) of $5.9 billion, up 37%
- Strong performances from mining businesses
- Further $4 billion buyback announced
- $1 billion special dividend (67 cents per share)
- Interim dividend increased from 28 to 33 cents per share, up 18%.
- Significant progress made in meeting our strategic targets:
- AngloGold Ashanti disposal underway, initial $1 billion realised
- Plans to demerge Mondi being developed
- In depth review of Tarmac completed; restructuring on track
- Disposal of holding in Highveld Steel announced
- Tongaat-Hulett: Hulett Aluminium unbundling is progressing
- Leading to:
- Simplified Group structure
- Focused core mining portfolio
- World class portfolio of assets
- Strong growth prospects underpinned by project pipeline