Boliden Reports Record Results for Q4 - Approximately SEK 1,575 million.STOCKHOLM, Sweden -- Boliden's preliminary operating result for Q4 2005 totals SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,575 million, an im-provement of just over SEK 1,050 million on the corresponding period in 2004. The im-proved performance is mainly due to a combination of considerably stronger metal prices and improved mining production of copper. The preliminary operating result for 2005 as a whole totals SEK 3,059 million (SEK 1,831 m). The preliminary result after fi-nancial items amount to SEK 2,802 million (SEK 1,365 m) for the full year and to SEK 1,571 million (SEK 352 m) for Q4 2005. "The preliminary Q4 operating result is the best ever in the history of Boliden. Healthy and stable production and the strong metal-price trend have contributed to the record result. As the result considerably exceeds market expectations, we have decided to publish the result ahead of plan," says Jan Johansson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Boliden. The preliminary Q4 result includes a stock profit on the process stocks of SEK 363 million. As of Q4, changes in the market valuations of currency options are also being reported as part of the operating result rather than, as previously, under net financial items. This change has had a negative impact on the Q4 operating result of SEK 93 million and thus a corre-sponding positive impact on net financial items. Boliden's year-end result for 2005 is due to be published on Monday, 6th February 2006, one day earlier than previously announced. Boliden is one of the world's leading mining and smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. companies with operating facilities in Sweden, Finland, Norway and Ireland. Boliden mainly produces copper, zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. and lead, as well as gold and silver. Other important operations include mineral exploration and metal recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. . The company has around 4,500 employees and net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of almost SEK 18 billion. Its shares are listed on Stockholmsborsen's O-list and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada. www.boliden.se This information was brought to you by Waymaker http://www.waymaker.net |
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