SOURCE: S & B Industrial Minerals

S & B Industrial Minerals

August 05, 2011 11:18 ET

S&B Industrial Minerals Financial Results for the Half Year 2011 (IFRS)

ATHENS, GREECE--(Marketwire - Aug 5, 2011) - S&B announces (S&B) (ATHEX: ARBA) Half Year 2011 Financial Results.

HALF YEAR 2011 HIGHLIGHTS

  • Sales increased 13% in the first half of 2011 compared to the first half of 2010
  • EBITDA and operating profit increased by 24% and 78% respectively during the first half of 2011 compared to the first half of 2010
  • Significant 85% growth realized in net profit attributable to shareholders during the first half of 2011
  • New organizational structure to drive future growth

S&B Industrial Minerals Half Year 2011 Financial Results (IFRS) Press Release:
(Please click on the link below to view full press release)

http://www.s.andb.gr/en/files/2011-08-05_1312526876.pdf

About S&B Industrial Minerals
S&B Industrial Minerals is an international Group of companies, its purpose being to provide innovative industrial solutions by developing and transforming natural resources into value creating products. Utilizing the multiple properties of industrial minerals, S&B offers a portfolio of customized solutions for a broad range of applications (including foundry, steel-making, construction & building materials, metallurgy and horticulture), operating responsibly and adhering to the sustainable development principles of the triangle: economy -- society -- environment. It holds leading positions in its main sectors (bentonite, perlite, bauxite and casting fluxes). S&B was established in Greece in 1934, is listed on the Athens Exchange (ATHEX: ARBA), is active in 20 countries across five continents, in 2010 it had a Group turnover of €420 million, and employs approximately 2,000 people worldwide. For more information, please visit S&B's website at www.sandb.com

Note Regarding Forward-Looking Statements
This document may contain forward-looking statements about S&B, including statements reflecting management's current view relating to future market conditions, future events and expected operational and financial performance. Forward-looking statements may be found throughout this document. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will materialize. Because forward-looking statements are based on assumptions and estimates, and are subject to risks and uncertainties, actual results could differ materially from those described or implied herein. S&B does not undertake any obligation to publicly update or revise any forward-looking statements included in this document, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulation.

Contact Information

  • Contacts:
    S&B Industrial Minerals S.A.
    Haris Kotsokolos
    Investor Relations Manager
    Tel: +30 210 6296157
    Email: h.kotsokolos@sandb.com

    European financial media contact
    Financial Dynamics London
    Greg Quine
    Tel: +44 20 7269 7206
    Email: greg.quine@fd.com

    US financial media contact
    Capital Link New York
    Nicolas Bornozis
    Tel: +1 212 661 7566
    Email: sandb@capitallink.com