Annual report and financial statements 2009 - Higlights
01
ATH Resources plc
annual report and accounts 2009
Earnings per share (pence) 10.1p
2009
10.1p
2008
15.3p
2007
14.8p
2006
11.8p
EBITDA (£ million) £24.1m 2009
£24.1m
2008
2007 £25.7m
£25.2m
2006
£19.2m
b Turnover up 1% to £77.5 million (2008: £76.9 million)
despite lower sales volumes of 1.8 million tonnes
of coal (2008: 2.0 million tonnes).
b Average selling price increased by 13%
to £43 per tonne.
b Profit before interest and tax reduced by 28% to
£8.6 million (2008: £11.9 million) due to the lack
of production from ATH Regeneration.
b Successful planning appeal at Langton after the year
end, allowing 0.5 million tonnes ATH Regeneration
project to commence in 2010.
b Profit before interest and tax increased in Mining
business by 20% to £11.8 million (2008: £9.8 million).
b Earnings per share reduced by 34% to 10.1 pence
per share (2008: 15.3 pence per share).
b EBITDA in excess of £24 million (2008: £25 million).
b Full year dividend increased by 2.5% to 6.15 pence
per share (2008: 6.0 pence per share), with final
dividend of 6.15 pence per share (2008: 2.64 pence
per share) incorporating deferred interim dividend
(2008: interim dividend 3.36 pence per share).
b Refinance of Group bank debt following the year
end securing three year revolving credit facility,
set initially at £30 million.
b New mine of 1.8 million tonnes included
in probable reserves with the potential for
an additional 1.5 million tonnes reserve
subject to geological assessment.
b Proven coal reserves up 4% to 4.7 million
tonnes (2008: 4.5 million tonnes) with total
reserves unchanged at 8.2 million tonnes
(2008: 8.2 million tonnes).
Highlights
