2011 Key Achievements
  Print this page                Email this page       Font Size Decrease font Increase font 
 Previous PageNext Page
 
 
Financial Operational
bullet point Revenue increases 14% to $357 million.
bullet point EBITDA up 10% to $123.5 million and adjusted NPAT up 16% to $51.5 million.
bullet point Strong revenue growth from Mining Technology (up 62% to $114.5 million) and Mining Services (up 31% to $169 million) divisions.
bullet point 42% improvement in operating cash flow to $92 million.
bullet point

9% reduction in net debt to $161 million, and strengthened balance sheet following oversubscribed $50 million institutional capital raising and re-purchase of convertible bonds.

bullet point CAS-CAM/RF® collision avoidance systems achieve further significant market penetration with several major sales finalised during the year.
bullet point Acquisition of AJ Lucas Underground In-seam Services business forms basis of new Gas Management division to capitalise on Australian, Chinese and Russian underground gas drainage opportunities.

bullet point Construction starts on Industrea’s first proprietary in-seam coal drilling rigs.
bullet point Successful extension of existing contracts for Mining Services division in Australia.
bullet point Largest single contract into Russia for the supply of directional drilling and gas drainage systems (DGS) opens a significant new market entry point for Mining Technology sales.

bullet point Construction of underground personnel carriers for Chinese market starts at Industrea’s new manufacturing facility in Shijiazhuang.
bullet point New Mining Equipment products, including Tier 3 (ultra low diesel particulate emission) Mine Cruiser and 130 T Shearer Carrier generate strong domestic demand.
 
   
 
   
   
Back to Top