Record underlying earnings for Anglo American

published 17 February 2012

Mining giant Anglo American notched up record underlying earnings after delivering three major mining projects on or ahead of schedule in 2011.

Group revenue including associate companies climbed 11% to $36.5bn from $32.9bn, while earnings before interest, tax, depreciation and amortisation (EBITDA) also moved up 11% to a record level of $13.3bn from $12.0bn. Profit before tax, which was subject to a number of one-off items, fell slightly to $10.8bn from $10.9bn the year before.

The final dividend has been hiked by 15% to 46 cents, making the full year dividend 74 cents, up 14% on 2010's pay-out.