Condensed group income statement

  Download (EXCEL)
      Quarter ended    Nine months ended   
US$ million Note    Jun 2019      Jun 2018    Jun 2019      Jun 2018   
Sales      1,371      1,445    4,292      4,271   
Cost of sales      1,236      1,270    3,722      3,635   
Gross profit      135      175    570      636   
Selling, general and administrative expenses      86      93    273      293   
Other operating expenses          (2)   14      (8)  
Share of profit from equity investments     (1)       (3)     (3)  
Operating profit  3    46      84    286      354   
Net finance costs      28      18    65      54   
   Net interest expense      30      19    70      58   
   Interest capitalised      –      (1)   –      (2)  
   Net foreign exchange gain      (2)     –    (5)     (2)  
Profit before taxation      18      66    221      300   
Taxation(1)     10      15    60      84   
Profit for the period          51    161      216   
Basic earnings per share  (US cents) 4          30      40   
Weighted average number of  shares in issue (millions)     542.7      538.9    541.7      537.8   
Diluted earnings per share (US cents) 4          29      39   
Weighted average number of  shares on fully diluted basis (millions)     546.4      550.0    547.9      549.5   
(1) For the nine months ended June 2018, there were tax rate changes in various countries resulting in a US$17 million taxation charge recorded through the income statement and US$19 million through other comprehensive income.