Anglo Posts $5bn Operating Profit
Monday, February 22, 2010
Anglo said that $4,5-billion of the operating profit was from core operations.Underlying earnings of $2,6-billion and underlying earnings a share of $2,14 were reported. Profit attributable to equity shareholders was $2,4-billion and net debt was held at $11-billion. Committed undrawn bank facilities and cash as at December 31, 2009, totalled $12-billion.
The company, headed by CEO Cynthia Carroll, said that asset optimisation and procurement efficiencies had realised savings of more than $1,6-billion, $1,4-billion of which was from core operations. An asset optimisation and procurement target of $2-billion has been set from core businesses alone by 2011.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...