Iluka 2012 4D Financial Commentary

All currencies shown in this report are Australian dollars unless otherwise indicated. 1Free cash flow is determined as cash flow before refinance costs and dividends paid in the year. 2Calculated as Net Profit after Tax (NPAT) on an annualised basis as a percentage of the average monthly shareholders equity. OVERVIEW OF FIRST HALF RESULTS Iluka recorded a profit after tax for the half year ended