Anglo American plc's maiden set of full-year results is pleasing, with total operating profit before exceptional items increasing by 14%. According to Anglo American chairman and chief executive, Julian Ogilvie Thompson, the good operating performance by all divisions, took place against a back-ground of strong platinum, diamond and, in the fourth quarter, base metals markets and strengthening steel and pulp markets.The company listed in May 1999, following the acquisition of Anglo American Corporation of South Africa Limited (AAC) and Minorco Societe Anonyme (Minorco). In order to provide shareholders with a proper basis for comparison, the 1999 financial statements for Anglo American have been compared with proforma financial for the year ended 1998.The proforma financial statements reflect the restructuring of AAC and Minorco, as if these restructuring transactions had occurred at the beginning of 1998.
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