3 months

3 months

12 months

ended

ended

ended

31 Mar

31 Mar

31 Dec

US$000

2007

2006

2006

Profit before income tax

16 225

18 422

73 973

Adjustment for non-cash items

6 410

8 969

29 636

Effects of changes in operating working capital items

(4 285)

(4 862)

(18 415)

Income tax paid

(4 783)

-

(14 784)

Net cash generated from operating activities

13 567

22 529

70 410

Additions to property, plant and equipment

(10 215)

(17 044)

(61 508)

Financing of contractors

-

(156)

105

Net cash used by investing activities

(10 215)

(17 200)

(61 403)

Ordinary shares issued

470

548

3 653

Decrease in long-term loans

(897)

(190)

(21 756)

Dividends paid to company's shareholders

(6 874)

-

-

Net cash (used by)/generated from financing activities

(7 301)

358

(18 103)

Net (decrease)/increase in cash and cash equivalents

(3 949)

5 687

(9 096)

Cash and cash equivalents at beginning of year

143 356

152 452

152 452

Cash and cash equivalents at end of year

139 407

158 139

143 356