Full-year earnings

The full year revenue of Iluka Resources (ILU) has spiked up by 75.7 per cent to $1.536 billion compared to its previous year, the mineral sands producer reported today. This was recorded after its revenue for the three months to December rose by 53 per cent to $434 million.

Australian oil refiner Caltex Australia (CTX) is expecting its annual profit to decline due to competition, refinery shut down and rising of oil prices and Australian dollar.As the situation continues, Caltex believes that their profit for 2011 will drop by up to 40 per cent.

James Hardie Industries (JHX) bounces back to profitability after reporting that its net profit for the last six months reached $US128.4 million ($A126.51 million), compared to the $US318.8 million loss in the previous period. Chief Executive Louis Gries said that the company's recovery for the past six months proved the benefit of a more stable operating environment in the United States.