Anglo American (QX) (USOTC:NGLOY)
Historical Stock Chart
2 Months : From Feb 2020 to Apr 2020
By Adriano Marchese
Anglo American Plc said Thursday that net profit remained flat in 2019 but beat analysts' forecasts, benefiting from higher revenue in the year.
For the year ended Dec. 31, the diversified mining company said it made a profit of $3.55 billion, unchanged from the prior year's $3.55 billion. This compares with the consensus estimate of $3.42 billion, compiled from the forecasts of 14 analysts on FactSet.
Underlying earnings before interest, taxes, depreciation and amortization--Anglo American's preferred metric, which strips out certain one-off items--rose 9.2% to $10.01 billion, from $9.16 billion. This also beat consensus, compiled from 19 analysts' forecast on FactSet, which had pegged this figure at $9.84 billion.
Revenue for the year rose 8.2% to $29.87 billion. Consensus for revenue was $29.29 billion, taken from FactSet based on the forecasts of 17 analysts.
Underlying Ebitda from Anglo American's majority-owned diamond business De Beers fell by 55% to $558 million, the company said, harmed by lower sales volumes and a lower value sales mix. Moreover, the company said there was a 13% decline in production as a response to weaker demand.
The company declared a final dividend of 47 cents per share, bringing to total to $1.09. This compares with last year's dividend of $1.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires
February 20, 2020 02:38 ET (07:38 GMT)
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