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OCI N.V.

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  • Publicatie datum 30 apr 2013 - 14:39
  • Statutaire naam OCI N.V.
  • Titel OCI Agrees to Payments in Settlement of Tax Claims with Egyptian Tax Authority, Reports EBITDA of US$ 290.2 MM and Net Loss of US$ 81.2 MM During Q4 Including Extraordinary Charges of US$ 181.2 MM
  • Bericht Summary of Consolidated Results for Q4 2012 : • Consolidated revenues increased 5.3% to US$ 1,492.9 million (EGP 9,088.2 million) versus US$ 1,418.4 million (EGP 8,484.9 million) in Q4 2011 • EBITDA decreased 14.9% to US$ 290.2 million (EGP 1,767.6 million) versus US$ 341.0 million (EGP 2,041.0 million) in Q4 2011 • Consolidated EBITDA margin of 19.4% and Construction Group EBITDA margin of 8.2% during Q4 2012 • Net income decreased 165.3% to a loss of US$ 81.2 million (a loss of EGP 487.4 million) versus US$ 124.4 million (EGP 746.9 million) in Q4 2011 and was impacted by extraordinary charges of US$ 181.2 million (EGP 1,087.2 million). These charges included: - a one-off US$ 82.0 million in additional interest expense related to delayed interest payments on the agreed to tax settlement with the Egyptian Tax Authority (ETA) for the years 2007-2010 - a one-off US$ 99.2 million goodwill impairment for Egyptian Fertilizer Company (EFC) in light of the natural gas supply environment in Egypt • Net income excluding the extraordinary charges decreased 22.4% to US$ 96.5 million (EGP 587.5 million) versus US$ 124.4 million (EGP 746.9 million in Q4 2011) and was adversely affected by the following items: - a production loss at EFC and Egypt Basic Industries Corporation (EBIC) due to low natural gas supply experienced during the quarter - a drop in the Construction Group’s margin to 8.2% during the fourth quarter of 2012 due to construction cost overruns at Sorfert Algeria Summary of Consolidated Results for FY 2012: • Consolidated revenues decreased 0.4% to US$ 5,492.0 million (EGP 33,262.5 million) versus US$ 5,511.3 million (EGP 32,722.0 million) in FY 2011 • EBITDA decreased 19.1% to US$ 1,138.4 million (EGP 6,894.7 million) versus US$ 1,407.0 million (EGP 8,353.7 million) in FY 2011 • Consolidated EBITDA margin of 20.7% and Construction Group EBITDA margin of 9.8% during FY 2012 • Net income decreased 61.7% to US$ 259.5 million (EGP 1,571.6 million) versus US$ 678.

Gerelateerde downloads

201304300000000014_FY 2012 Results Presentation_Final to Market.pdf
201304300000000014_Q4 2012 English Results Press Release_Final to Market.pdf

Datum laatste update: 25 oktober 2020

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