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S & B Industrial Minerals: S&B Industrial Minerals Financial Results for the First Quarter 2010 (IFRS)

  //science-technology.news-articles.net/content/2 .. ial-results-for-the-first-quarter-2010-ifrs.html
  Published in Science and Technology on Tuesday, May 18th 2010 at 12:10 GMT by Market Wire

ATHENS, GREECE--(Marketwire - May 18, 2010) - S&B announces (S&B) (ATHEX: [ ARBA ]), First Quarter 2010 Financial Results.

FIRST QUARTER 2010 HIGHLIGHTS

• First quarter sales increase by 20%; Earnings per share rises four-fold.

• EBITDA increase of approximately 45% and doubling of operating profit.

• Five-fold increase in net profit compared to the first quarter of 2009.

• Significant margin expansion and overall strong profitability driven by higher volumes and positive operating leverage from our cost savings programs.

• Continuation of net debt reduction to EUR 116 million from EUR 122 million at the end of 2009.

• Proposal to issue 1 bonus share for every 4 shares owned.

S&B Industrial First Quarter 2010 Financial Results Press Release:
(Please click on the link below to view full press release)

[ http://www.sandb.com/en/files/2010-05-18_1274165734.pdf ]

About S&B Industrial Minerals
S&B Industrial Minerals is an international Group of companies, its purpose being to provide innovative industrial solutions by developing and transforming natural resources into value creating products. Utilizing the multiple properties of industrial minerals, S&B offers a portfolio of customized solutions for a broad range of applications (including foundry, steel-making, construction & building materials, metallurgy and horticulture), operating responsibly and adhering to the sustainable development principles of the triangle: economy - society - environment. It holds leading positions in its main sectors (bentonite, perlite, bauxite and casting fluxes). S&B was established in Greece in 1934, is listed on the Athens Exchange (ATHEX: [ ARBA ]), is active in 20 countries across 5 continents, in 2009 it had a Group turnover of Euro 336 million, and employs approximately 2,000 people worldwide. For more information, please visit S&B's website at [ www.sandb.com ]