1. Introduction
Lonmin Plc is the world's third largest primary platinum producer, with a primary listing on the London stock exchange. They have four mines located in South Africa, three in the Marikana area and one in Limpopo province. Lonmin process the concentrate from their mines through their Smelter and Refineries to deliver finished metal to market.
2. Financial Summary
1
§ Operating profit for the year amounted to $353 million an increase of 20% on the prior year.
§ Gross profit for the year was $373 million
§ Turnover increased by $98 million to $1128 million.
§ Cost of sales for the period was $755 million.
§ 17% increase in the average price realized for basket of metals sold.
§ Sales volumes of PGMs decreased from 1,761,171 ounces to 1,692,517 ounces
§ Underlying earnings per share increased from 96.9 cents per share to 124.9 cents per share.
§ Net cash inflow from operating activities was $377 million during 2005, a 6%......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 4086
Approximate Pages: 16 (260 words per double-spaced page) |