Consolidated
Statement of Income
For the six month period ended 30 June
2011 (Unaudited)
| |
Three month period
ended 30 June |
Six month period
ended 30 June |
 |
| |
2011
US$ 000 |
2010
US$ 000 |
2011
US$ 000 |
2010
US$ 000 |
| Continuing operations |
| Investment income |
20,626 |
35,246 |
38,527 |
48,069 |
| Interest income |
2,307 |
3,717 |
4,082 |
7,742 |
|
|
|
| |
22,933 |
38,963 |
42,609 |
55,811 |
| Fees and commissions |
5,340 |
5,751 |
9,505 |
12,795 |
| Foreign exchange revaluation (losses) gains, net |
41 |
(100) |
(67) |
(407) |
| Share of profits in associated companies |
8,882 |
329 |
11,460 |
4,268 |
|
|
|
| Total income |
37,196 |
44,943 |
66,507 |
72,467 |
| Interest expense |
(13,789) |
(11,720) |
(26,142) |
(24,109) |
|
|
|
| Operating income before expenses and
provisions |
23,407 |
33,223 |
37,365 |
48,358 |
| Salaries and benefits |
(6,576) |
(6,223) |
(11,081) |
(12,042) |
| General and administrative expenses |
(3,656) |
(4,172) |
(6,324) |
(7,471) |
|
|
|
| Operating income before provisions |
13,175 |
22,828 |
19,960 |
28,845 |
| Impairment loss on non trading investments |
(5,036) |
- |
(8,288) |
- |
| Writeback for doubtful loans,
guarantees and other assets, net, |
18 |
32 |
88 |
184 |
|
|
|
|
|
|
| Net profit for the period from continuing operations |
8,157 |
22,860 |
11,760 |
29,029 |
| Profit for the period from discontinued operations |
- |
4,080 |
- |
6,086 |
|
|
|
| PROFIT FOR THE PERIOD |
8,157 |
26,940 |
11,760 |
35,115 |
|
|
|
| Income attributable to non-controlling interests |
(313) |
2,653 |
(1,537) |
3,327 |
|
|
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|
| Income attributable to shareholders of the parent |
8,470 |
24,287 |
13,297 |
31,788 |
|
|
|
| Basic earnings per share (US cents) |
1,03 |
2,96 |
1,62 |
3,88 |
|
|
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| Diluted earnings per share (US cents) |
1,03 |
2,96 |
1,62 |
3,87 |
|
|
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|
|
|
 |
|
