Vedanta Resources announced full year results for the year ended March 31st 2012.
Financial Highlights;
1. Revenue of USD 14 billion up 23%
2. EBITDA of USD 4.0 billion up 13%; EBITDA margin of 29%
3. Underlying EPS1 of USD 1.42 down 46% due to lower attributable profit from subsidiaries
4. Final dividend of 35 US cents per share up 8%
5. Free cash flow of USD 2.5 billion before growth capex
6. Invested USD 2.4 billion in organic growth program during the year
7. Strong balance sheet with Cash and Liquid Investments of USD 6.9 billion.
Business Highlights;
1. Group consolidation and simplification announced on track for completion in CY 2012
2. Integrated Cairn India - Rajasthan production now at 175kbopd; basin potential of 300kbopd
3. Acquired Liberia Iron Ore assets with c.1 billion tonnes R&R; first shipment expected in FY 2014
4. Increased Reserves and Resources in Zinc, Iron Ore and Oil and Gas
5. Significant production growth in Silver, Alumina, Aluminium, Power and Oil and Gas
6. Commissioned new Silver Refinery, increasing Silver capacity to 16 moz p.a.
7. Three units of 2,400 MW Jharsuguda Power Plant operational, fourth unit under trial run
Mr Anil Agarwal chairman of Vedanta Resources plc said that “This has been a transformational year for the Group, in which we completed the Cairn India acquisition, announced the consolidation of the Group and delivered strong production growth. We are one of the largest diversified natural resources companies globally, and with our growth projects largely completed, are well placed to continue this strong growth.”
Source - Vedanta Resources
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