News Archive

06 December 2006

Preliminary Results for the year ended 1 October 2006

ATH Resources plc, one of the UK’s largest coal producers, reports its Preliminary Results for the year ended 1 October 2006.

Highlights

• turnover of £54.1 million on sales of 1.8 million tonnes (2005: £39.1 million)
  
  
• profit before interest and tax of £8.6 million (2005: £6.4 million)
  
  
• EBITDA of £19.2 million (2005: £11.4 million)
  
  
• final dividend of 7.89 pence per share (2005: 7.56 pence per share)
  
  
• earnings per share of 12.62 pence (2005: 11.49 pence)
  
  
• acquisition of A. Ogden & Sons Limited for £9.5 million, now renamed ATH Ogden
  
  
• coal reserves of 7.9 million tonnes (2005: 8.1 million tonnes)
  
  
• significant investment of £21.9 million in plant fleet equipment (2005: £9.8 million)

Commenting on the Preliminary Results, Tom Allchurch, Chief Executive of ATH Resources, said:

“The high level of activity in the period demonstrates our commitment to deliver on our organic and acquisitive growth strategy. The Group has achieved a significant increase in production that has helped translate into an increased dividend. We are confident that our additional secured reserves, combined with our investment in plant, will continue to drive this growth forward. Furthermore, we are delighted with the operational diversification that the successful acquisition and integration of A Ogden & Sons has given us.”

The full results are available to download in PDF Format.

For further information:
ATH Resources
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk
Seymour Pierce Limited
Sarah Wharry , Corporate Finance	Tel: +44 (0) 207 107 8000
sarahwharry@seymourpierce.com	www.seymourpierce.com
Media enquiries:
Abchurch
Sarah Hollins / Georgina Bonham	Tel: +44 (0) 113 203 1341
sarah.hollins@abchurch-group.com	www.abchurch-group.com

 

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