Financial highlights (1H19/1H18 comparisons)
· Adjusted revenues[1] of US$1,069.0m, down 10.2%; 55% of this due to lower volumes and 45% due to lower prices
· Gross profit and EBITDA[2] of US$205.5m and US$307.9m, down 59.1% and 45.7%, respectively
· Profit for the period of US$70.9m, down 69.1%
· Basic and diluted EPS from continuing operations of US$9.5 cents per share, adjusted EPS of US$8.4 cents per share, down 69.4% and 74.8% respectively
· Cash generated from operations, before changes in working capital of US$316.1m, down 45.1%
· Strong balance sheet with cash and other liquid funds[3] as at 30 June 2019 of US$362.1m
· 2019 capex has been revised and reduced to US$655m
· Interim dividend of US$19.2m (2.6 US cents per share)