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Article: Phelps Dodge Reports Fourth Quarter Net Income of $121.3 Million, or $1.19 Per Share (Includes Net Special Charges of $204.2 Million, or $2.01 Per Share); Cash from Operating Activities of $470.6 Million (Net of $200 Million Contributions to Trusts).
- Article from:
- PR Newswire
- Article date:
- January 31, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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2005 Fourth Quarter Highlights ------------------------------
* Fourth quarter net income was $121.3 million ($1.19 per share); 2004 fourth quarter net income was $341.1 million ($3.40 per share)
* Fourth quarter net income included after-tax, net special charges of $204.2 million ($2.01 per share); 2004 fourth quarter net income included after-tax, net special charges of $23.1 million (23 cents per share) (see Note 1 to Consolidated Financial Information for additional discussion)
* On November 2, 2005, Phelps Dodge exercised its option to acquire a controlling interest in the Tenke Fungurume copper/cobalt mining concessions in the Democratic ...