Polymetal International plc (POLY.L) reported an improvement in 2011 net income to $290 million or $0.74 per share from the prior year's $239 million or $0.66 per share. On an adjusted basis, full-year net profit was $347 million or $0.89 per share, higher than $247 million or $0.68 per share in 2010.
Pre-tax earnings in 2011 were $409 million, up 33% compared with 2010, reflecting strong revenue growth and controlled cost dynamics.
Revenue for the year advanced 43% to $1.33 billion from $925 million a year ago, driven by a 13% rise in gold equivalent ounces sold and a 26% growth in the average realised gold price.
Click here to receive FREE breaking news email alerts for Polymetal International Plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com