OZ Minerals 2009 full year financial results – preliminary unaudited estimates
09 Feb 2010
In view of the significant changes to OZ Minerals in 2009, which has led to a more complex set of accounts than usual, OZ Minerals provides the following preliminary and unaudited estimates of its 2009 Full Year Financial Results. OZ Minerals is due to report its audited financial results on 25 February 2010.
In 2009 there were significant changes to the Company including the commissioning and ramp up of its now sole mining operation Prominent Hill, the sale of four of its five operating assets, the sale of a development asset and the refinancing and then repayment of all bank loans. This high degree of corporate activity, together with the Company’s variation of functional currency during the year, appears to have contributed to a wide variance in the earnings forecasts produced by broker analysts providing coverage of OZ Minerals, particularly at the level of net profit after tax.
The figures provided below are estimates, as yet unaudited, and so are subject to change before finalisation. These figures are presented as a range to accommodate any final adjustments that may be necessary in the process of finalising and auditing the accounts.
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