C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

Consolidated Income Statement
For the year ended December 31 Note 2010 2009
In thousands of US Dollars
Continuing operations
Revenue 7 990,495 867,447
Cost of sales 811,937 701,860
Gross profit 178,558 165,587
Selling, general and administrative expenses 128,934 137,537
Restructuring expense 27 423 7,782
Asset impairment expense 13 602 1,718
Environmental expense 27 6,421 3,998
Other expenses 260 173
Other income 8 (1,341) (6,182)
Operating profit 43,259 20,561
Finance expense 10 18,727 18,419
Finance income 10 (5,429) (3,587)
Foreign exchange (gain) loss 10 (2,799) 2,418
Net finance costs 10 10,499 17,250
Share of loss of associates and joint ventures 15 (19,405) (31,958)
Profit (loss) before income tax 13,355 (28,647)
Income tax expense 11 11,207 15,205
Profit (loss) for the year from continuing operations 2,148 (43,852)
Loss after tax for the year from discontinued operations 6 – (54,378)
Profit (loss) for the year 2,148 (98,230)
Attributable to:
Shareholders of the Company 2,414 (75,642)
Non-controlling interests (266) (22,588)
2,148 (98,230)
Earnings (loss) per share
Basic earnings (loss) per share 22 0.09 (2.82)
Diluted earnings (loss) per share 22 0.09 (2.82)
Earnings (loss) per share from continuing operations
Basic earnings (loss) per share from continuing operations 22 0.09 (1.77)
Diluted earnings (loss) per share from continuing operations 22 0.09 (1.77)
The notes are an integral part of these consolidated financial statements.
68 Consolidated Income Statement