Introduction to Business Review
Group revenues in FY 2008 were $8,203.7 million, an increase of 26.2% compared with the previous year. Production across all our metals and the newly acquired Iron Ore Business increased significantly in FY 2008.
FY 2008 Performance Highlights
Summary performance in FY 2007 is set out in the table below.
| (in $ million, except as stated) | FY 2008 | FY 2007 | % change |
| Revenues | |||
| Aluminium | 1,140.2 | 993.4 | 14.8 |
| Copper | 4,221.9 | 3,569.3 | 18.3 |
| – India/Australia | 3,118.8 | 2,553.4 | 22.1 |
| – Zambia | 1,103.1 | 1,015.9 | 8.6 |
| Zinc | 1,941.4 | 1,888.1 | 2.8 |
| Iron ore | 888.9 | - | - |
| Others | 11.3 | 51.4 | (78.0) |
| 8,203.7 | 6,502.2 | 26.2 | |
| EBITDA | |||
| Aluminium | 380.7 | 415.4 | (8.4) |
| Copper | 667.3 | 833.9 | (20.0) |
| – India/Australia | 327.2 | 365.6 | (10.5) |
| – Zambia | 340.1 | 468.3 | (27.4) |
| Zinc | 1,380.1 | 1,453.9 | (5.1) |
| Iron ore | 585.6 | - | - |
| Others | (3.3) | (0.2) | - |
| 3,010.4 | 2,703.0 | 11.4 | |
| Operating profit | |||
| Aluminium | 307.0 | 358.4 | (14.3) |
| Copper | 535.5 | 746.6 | (28.3) |
| – India/Australia | 284.9 | 333.3 | (14.5) |
| – Zambia | 250.6 | 413.3 | (39.4) |
| Zinc | 1,333.0 | 1,402.8 | (5.0) |
| Iron ore | 420.0 | - | - |
| Others | 6.8 | (0.3) | - |
|
Unallocated corporate expenses | (9.9) | (1.6) | - |
| 2,592.4 | 2,505.9 | 3.5 | |
| EBITDA MARGIN | |||
| Aluminium | 33.4% | 41.8% | N/A |
| Copper | 15.8% | 23.4% | N/A |
| – India/Australia | 10.5% | 14.3% | N/A |
| – Zambia | 30.8% | 46.1% | N/A |
| Zinc | 71.1% | 77.0% | N/A |
| Iron ore | 65.9% | - | N/A |
| Group | 36.7% | 41.6% | N/A |