Annual results 2007
20 February, 2008
Anglo American announces its annual results for the year ending 31 December 2007 with total group operating profit of $10.1 billion.
Financial results
- Record total Group operating profit(1) of $10.1 billion, with operating profit from core operations(2) up 12% to $8.9 billion
- Highest ever total Group underlying earnings(3) of $5.8 billion, up 5%
- Underlying earnings per share up 18% to $4.40
- Strong performances from Base Metals, Platinum, Ferrous Metals and Industrial Minerals
- Value Based Management being rolled out across the Group:
- $1 billion initial estimate of annualised procurement and shared services savings in 3 years
- $380 million achieved in cost savings in 2007 - Total Group profit for the year attributable to equity shareholders up 18% at
$7.3 billion
Uplifting our unique portfolio and driving significant growth
- Expediting projects for significant near and medium term growth (PPRust, Sishen, Dawson, Lake Lindsay, Barro Alto, Los Bronces, Zondagsfontein)
- Creating new growth through acquisitions (Minas-Rio / Amapá, Michiquillay, Foxleigh, Pebble)
- $12 billion of projects currently under development; additional projects under consideration estimated at $29 billion
- Demerger of Mondi and reduction of AngloGold Ashanti shareholding
Dividend
- Final dividend up 15% to 86 cents per share, bringing total normal dividends for the year to 124 cents per share - a 15% increase on 2006