Financial Performance

Financial Highlights

• Revenue in 2010 increased by 50% to US$1,057.4m (2009: US$704.7m)*
• Profit before tax in 2010 increased by 52% to US$67.5m (2009: US$44.5m)**
• Profit before tax margin was at 6.4%, up from 2009**
• Gross cash balance*** at the end of 2010 increased by 28.3% to US$231.3m (2009: US$180.3m) 
• EPS (basic) 40.66 US$ cents up 53.7% (2009: 26.46** US$ cents). EPS (diluted) 39.91 US$ cents up 51.5 % (2009: 26.35** US$ cents)
• Backlog at the end of 2010 increased by 7.0% to US$1,602.6m (2009: US$1,497.4m)
• Proposed final dividend of 10.0 US$ cents per share

* Excluding JV operations

**Before flotation costs of US$4.695m in 2008

***Gross cash represents total cash held at bank and in hand at year end