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|
(Thousands
of Dollars) |
|
 |

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 |
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Net
Sales |
|
1,431,162 |
|
1,919,329 |
|
3,328,747 |
|
4,008,431 |
|
|
|
|
 |
 |
| 
|
 |
|
|
Cost of Sales |
|
1,041,593
|
|
1,410,343 |
|
2,450,368 |
|
3,015,992 |
|
|
|
 |
| 
|
 |
|
|
Gross Profit |
|
389,569 |
|
508,986 |
|
878,379 |
|
992,439 |
|
|
|
 |
| 
|
 |
|
|
Operating
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
 |
| 
|
 |
|
|
General and Administrative |
|
96,261
|
|
116,714 |
|
132,287 |
|
154,967 |
|
|
|
 |
| 
|
 |
|
|
Exploration and
Geological |
|
31,679
|
|
48,508 |
|
62,656 |
|
87,238 |
|
|
|
 |
| 
|
 |
|
|
Depreciation,
Amortization and Depletion |
|
100,765
|
|
106,153 |
|
120,564 |
|
154,470 |
|
|
|
 |
| 
|
 |
|
|
|
|
228,705
|
|
271,375 |
|
315,507 |
|
396,675 |
|
|
|
 |
| 
|
 |
|
|
Operating Profit |
|
160,864 |
|
237,611 |
|
562,872 |
|
595,764 |
|
|
|
 |
| 
|
 |
|
|
Integral
Result of Financing: |
|
|
|
|
|
|
|
|
|
|
|
 |
| 
|
 |
|
|
Net Interest Expense
(Income) |
|
28,063 |
|
27,461 |
|
39,510 |
|
40,240 |
|
|
|
 |
| 
|
 |
|
|
Foreign Exchange
(Gain) Loss, net |
|
2,547 |
|
(5,306) |
|
1,942 |
|
988 |
|
|
|
 |
| 
|
 |
|
|
(Gain) Loss from
Monetary Position, net |
|
(14,231) |
|
(9,382) |
|
(25,468) |
|
(26,056) |
|
|
|
 |
| 
|
 |
|
|
|
|
16,379 |
|
12,773 |
|
15,984 |
|
15,172 |
|
|
|
 |
| 
|
 |
|
|
Other (Income)
Expense, net |
|
29,110 |
|
(38,267) |
|
(68,159) |
|
15,353 |
|
|
|
 |
| 
|
 |
|
|
|
|
115,375 |
|
263,105 |
|
615,047 |
|
565,239 |
|
|
|
 |
| 
|
 |
|
|
Provisions
for: |
|
|
|
|
|
|
|
|
|
|
|
 |
| 
|
 |
|
|
Income and Assets
Tax |
|
17,437 |
|
78,917 |
|
177,244 |
|
150,038 |
|
|
|
 |
| 
|
 |
|
|
Employee Profit
Sharing |
|
8,378
|
|
17,660 |
|
42,167 |
|
47,631 |
|
|
|
 |
| 
|
 |
|
|
|
|
25,815
|
|
96,577 |
|
219,411 |
|
197,669 |
|
|
|
 |
| 
|
 |
|
|
Equity in Profit
of Associates |
|
5,810
|
|
(5,488) |
|
6,806 |
|
(12,680) |
|
|
|
 |
| 
|
 |
|
|
Consolidated Net Profit |
|
95,370 |
|
172,016 |
|
388,830 |
|
380,250 |
|
|
|
 |
| 
|
 |
|
|
Profit of Minority
Shareholders |
|
4,530
|
|
19,152 |
|
20,148 |
|
33,765 |
|
|
|
 |
| 
|
 |
|
|
Majority Net Profit |
|
90,840 |
|
152,864 |
|
368,682 |
|
346,485 |
|
|
|
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| 
|
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| |

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