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PRL GLOBAL LTD — Earnings Release 2009
Nov 15, 2009
65611_rns_2009-11-15_da7780f6-ba42-4109-ac81-c19e232119ae.pdf
Earnings Release
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16 November 2009
Company Announcements Office Australian Securities Exchange
Electronic lodgment
PHOSPHATE RESOURCES PROFIT RESULT
CI Resources Limited (ASX: CII) is pleased to announce that Phosphate Resources Limited (PRL), in which CI Resources holds a 41.74% stake, has announced an preliminary unaudited profit of $7.2 million for the four months to 31 October 2009.
Please see the attached disclosure notice.
For further information, please contact:
Janelle Burns Company Secretary CI Resources Limited +61 8 9485 7222
CI Resources Limited ABN 70 006 788 754
13 Mount Eden Lane, Oakford WA 6121 Telephone: +61 8 9485 7222
Form 1003
Disclosure notice for unlisted disclosing entity
ANNEXURE A
Phosphate Resources Ltd
Results at 31 October 2009
The unaudited profit before tax of the company for the first four months of the 2009/10 financial year ending 31[st] October 2009 was $7,208,242 on total sales of 181,000 tonnes of product.
The unaudited net asset figure of the company as of 31[st] October 2009 was $69,471,960.
The Board considers that this is an excellent result in extremely difficult market conditions characterized by weak and irregular demand for product, intense price competition and a high Australian dollar value.
The Board does not anticipate a return to more stable market conditions before the last quarter of the 2009/10 financial year..
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Kevin Edwards Company Secretary 13 November 2009