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| Corus Group plc 2006 First Quarter Results In the first quarter of 2006, Corus Group Plc, one of the world's largest metal producers, generated an operating profit from continuing operations of £176m, including £96m non-recurring pension credit. EBITDA from continuing operations of £240m (EBITDA from all operations of £269m, in line with expectations). Profit after tax of £45m includes £87m non-recurring finance cost for the premium paid on the early redemption of the £150m debenture. Net debt at the end of the first quarter of 2006 was £1,319m, compared to £1,212m at the end of the first quarter of 2005 and includes a £145m increase due to the first time adoption of IFRIC 4 from January 2006. Working capital to turnover ratio at 19% (Q1 2005: 19%). write your comments about the article :: © 2006 Construction News :: home page |