Anglo-Swiss miner Xstrata Plc's (XTA.L, XSRAY.PK, XSRAF.PK) full-year 2012 attributable profit plummeted to $1.18 billion, from $5.71 billion, with adjusted attributable profit before exceptional items dropping to $3.65 billion, from $5.79 billion, a year back. Also, total pre-tax profit plunged year-over-year to $2.0 billion, from $8.15 billion, with adjusted pre-tax profit totaling $4.58 billion this year.
On a per share basis, annual earnings stood at $0.40, down sharply from last year's $1.93. Excluding items, earnings per share were $1.23 during the latest year.
Revenue was $31.62 billion in 2012, a 7% decline, compared with $33.88 billion in 2011.
In a separate press release, Xstrata noted the statement in the announcement by Glencore International plc (GLEN.L, GLNCY.PK, GLCNF.PK) of its preliminary results for 2012 that the longstop date for the merger between Glencore and Xstrata has been extended to April 16, 2013 with the consent of Xstrata and the Panel.
For comments and feedback: editorial@rttnews.com