International Mining Machinery Holdings Limited, an investment holding company, engages in the design, manufacture, and sale of underground longwall coal mining equipment primarily in the People’s Republic of China. The company offers roadheader and shearer products; armored-face conveyors and related products, including crushers, loaders, conveyors, sliding plows, and automated control systems; and electric control systems and related components. It also provides a range of aftermarket services, including customer training, onsite service repairs, overhaul services, repair and supply of services parts through service centers, and part depots in mining districts for the delivery of spare par...
2nd Floor, Tower A
Wangjing Development Zone
International Mining Machinery Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2011; Recommends No Final Dividend
Mar 30 12
International Mining Machinery Ltd. reported audited consolidated earnings results for the year ended December 31, 2011. For the year, the company reported revenue of RMB 2,097,855,000, compared to RMB 1,942,615,000 for the last year. Profit before tax was RMB 434,160,000, compared to RMB 416,893,000 for the last year. Profit attributable to owners of the parent was RMB 336,741,000 or 25.84 RMB cents per diluted share, compared to RMB 350,115,000 or 28.17 RMB cents per diluted share for the last year. EBITDA was RMB 555.8 million for 2011, an increase of RMB 57.0 million or 11.4% over the prior year. The company had a net cash inflow from operating activities of RMB 135.6 million in 2011 which increased by RMB 268.4 million as compared to the net cash outflow of RMB 132.8 million in 2010. The inflow in cash from operating activities was primarily attributable to an increase in trade payables due to a corresponding increase of purchases for production to support increased sales volumes. For the year, the company’s revenue grew by 8.0% as a result of the strong market demand for road headers, shearers and electric control systems. The gross profit grew by 8.1% over prior year to RMB 910.2 million, and the company managed to slightly improve gross margin to 43.4%. Capital expenditures were RMB 142.6 million in 2011 as compared to RMB 461.7 million in 2010. Capital expenditures during 2011 related primarily to the purchases and overhaul of machinery, establishing new buildings, upgrading information technology systems and investing in associates.
The directors do not recommend the payment of a final dividend for the year ended December 31, 2011, compared to 5.4 RMB cents per ordinary share for the last year.
International Mining Machinery Ltd.(SEHK:1683) dropped from Hang Seng Composite Index
Mar 27 12
International Mining Machinery Ltd. will be removed from the Hang Seng Composite Index.
International Mining Machinery Ltd. to Report Fiscal Year 2011 Results on Mar 30, 2012
Mar 20 12
International Mining Machinery Ltd. announced that they will report fiscal year 2011 results on Mar 30, 2012