15 de marzo de 2016 / 7:18 / en 2 años

BRIEF-Antofagasta FY pretax profit falls 82.9 percent to $259.4 mln

March 15 (Reuters) - Antofagasta Plc :

* FY pretax profit fell 82.9 percent to 259.4 million usd

* Final dividend 0.098 usdper share

* FY ebitda from continuing operations fell 58.4% to $890.7 million, as revenues declined

* Board is not recommending a final dividend.

* Attributable net debt at end of 2015 was $525.4 million from a net cash position of $315.4 million at end of previous year

* Synergies being captured at zaldívar expected to reach $15-20 million on an annualised basis

* Sustaining and development capital expenditure is expected to decrease by $260 million in 2016

* In 2016 group expects to produce 710-740,000 tonnes of copper, 245-275,000 ounces of gold and 8-9,000 tonnes of molybdenum

* Copper price should stabilise during a period of small supply surpluses before recovering in late 2017, early 2018

* Fy revenue 34.0% lower at $3,394.6 million, with realised copper prices falling almost 24%

* Further $160 million of savings targeted in 2016, equivalent to 8% of 2015’s net cash costs

* Encuentro oxides and the new molybdenum plant at centinela will now not be completed until second half of 2017

* If top end of copper target is achieved will see cash costs before by-products fall to $1.65/lb, and net cash costs to $1.35/lb Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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