Ven 6 Mai 2011 21:54
Vedanta Full Year Results For The Year 2010
Friday, 06 May 2011
Vedanta Resources announced the full year ended March 31st 2011 result.
Financial Highlights
1. Group Revenue of USD 11.4 billion up 44%
2. EBITDA of USD 3.6 billion up 55%
3. Basic EPS of USD 2.83 up 29%
4. Final dividend proposed at 32.5 US cents per share up 18%
5. Strong balance sheet with USD 7.8 billion of cash, cash equivalents and liquid investments and net debt of USD 1.97 billion
6. Invested USD 2.5 billion in organic growth program during the year.
Business Highlights
1. Record volumes at Zinc India, Copper Zambia and Aluminum operations
2. Strong iron ore sales and power sales
3. 1.5 million tonne per annum mill at silver rich Sindesar Khurd mine commissioned, mine ramping up well
4. Two 600 MW units of the 2,400 MW Jharsuguda Independent Power Plant operational
5. Completed acquisition of Anglo American’s zinc assets
6. Announced acquisition of majority stake in Cairn India, transaction awaiting government approval
7. Reserves & Resources growth at Zinc India, Copper Zambia and Iron Ore Operations.
Consolidated Group Results (in USD million, except as stated) FY �11 FY�10 Change
Revenue 11,427.2 7,930.5 44.1%
EBITDA 3566.8 2,295.9 55.4%
EBITDA margin (%) 31.2% 29.0% -
Operating profit 2,534.3 1,665.6 52.2%
Attributable Profit 770.8 602.3 28.0%
Basic Earnings per Share (US cents) 283.2 219.6 29.0%
Earnings per Share on Underlying Profit (US cents) 262.8 199.2 31.9%
ROCE (excluding project capital work in progress) 21.00% 19.90%
Final Dividend (US cents per share) 32.5 27.5 18.2%
Total Dividend (US cents per share) 52.5 45 16.7%
Mr Anil Agarwal chairman of Vedanta Resources plc said that “Against a background of robust demand for commodities, we have delivered an exceptional financial performance, achieving record levels of production and record sales of power. Our industry leading organic growth program supplemented by strategic acquisitions, places Vedanta in a strong position to capitalize on the growing demand for commodities and will underpin our objective to deliver growth and long term value for our shareholders.”