record nine month consolidated net profit

RECORD NINE MONTH CONSOLIDATED NET PROFIT OF A$36.4 MILLION
The Board of OM Holdings Limited and its subsidiaries (ASX Code: OMH) are pleased to
advise of a record consolidated net profit after tax and minority interests of A$36.4 million
for the nine months ended 30 September 2007, compared with a net operating loss of A$3.3
million for the previous corresponding period in 2006. Included in the result was a
consolidated net profit after tax and minority interests of A$21.2 million for the three
months ended 30 September 2007.
This outstanding nine month result represents the continued strength of OMH’s trading and
ferro alloy business units and the return to profitability of the Bootu Creek Manganese Mine in
the September 2007 quarter.
HIGHLIGHTS for the nine months to 30 SEPTEMBER 2007
TRADING OPERATIONS
● Record volumes of chrome and manganese ore were traded into China for the nine
month period at significantly higher prices based upon strong market demand resulted in
the trading operations contributing an operating profit after tax of A$33.6 million
(including a gain from the sale of iron ore marketing rights of A$7.4 million).
● The market for manganese ore and alloys continues to strengthen driven by a world
wide shortage of high grade manganese in the market and continued growth in demand
for steel and stainless steel products.
QINZHOU SMELTER
• Record production of 29,202 tonnes of High Carbon Ferro Manganese (“HC FeMn”)
achieved for the nine month period underpinned by strong market demand and prices
resulted in the ferro alloy operation contributing an operating profit after tax of A$8.5
million. Ongoing demand for alloys is continuing.
BOOTU CREEK MANGANESE MINE
• Record production of 393,056 tonnes grading 42.5% Mn achieved for the nine month
period.
• Project debt was reduced by A$7.43 million in the September 2007 quarter and by a
further A$5 million in the December 2007 quarter with project debt presently outstanding
of A$5 million and forecast to be repaid early in the March 2008 quarter.
• Opportunities to increase sustainable production output to 700,000 tonnes per
annum in 2008 continue to be examined.
• A revised Mineral Resource and Ore Reserve Statement incorporating all field work
completed in 2007 is expected to be released in the March 2008 quarter.