Help Desk -
9958816305, 9810335381
Email
Password

Anglo American Preliminary Results 2019

Mining News - Published on Wed, 26 Feb 2020

Image Source: News API
Anglo American Chief Executive Mr Mark Cutifani said “We continue building on the fundamental structural and operational improvements we have embedded across our business. The result is founded on high quality, low cost, world class assets. We have also benefited from product and market diversification, with strong precious metals and iron ore prices offsetting weakness in diamonds and coal, generating a 9% increase in underlying EBITDA to $10.0 billion, a 19% ROCE and a Total Shareholder Return of 31% for the year.”

Financial highlights – year ended 31 December 2019
Generated underlying EBITDA* of $10.0 billion, a 9% increase, and $2.3 billion of attributable free cash flow*
Delivered profit attributable to equity shareholders of $3.5 billion, in line with prior year
Net debt* increased to $4.6 billion, equal to <0.5x underlying EBITDA, due to investment in growth opportunities
Proposed final dividend of $0.47 per share, consistent with our 40% payout policy
Previously announced share buyback of up to $1 billion: $0.8 billion completed by year end

Source :

Posted By : Nishith Sharma on Wed, 26 Feb 2020
Related News from Mining segment