Benguet Corp. reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported revenue of PHP 336.6 million against PHP 348.9 million a year ago. Operating profit was PHP 155.4 million against PHP 172.0 million a year ago. Net income was PHP 209.3 million or PHP 1.29 per share against PHP 2,457.4 million or PHP 15.50 per share a year ago. For the year, the company reported revenue of PHP 994.074 million against PHP 623.658 million a year ago. Income before income tax was PHP 1,481.097 million against PHP 2,415.885 million a year ago. Net income was PHP 1,385.324 million or PHP 8.46 per diluted share against PHP 2,399.172 million or PHP 14.95 per diluted share a year ago. Net cash from operating activities was PHP 85.852 million against PHP 249.112 million a year ago. Additions to property, plant and equipment was PHP 245.869 million against PHP 25.240 million a year ago. The company provided production guidance for the year 2012. For the period, the company expects AGP to complete its expansion plan and attains 300 tons per day processing capacity that will result to an estimated 1,000 ounces per month by year-end 2012.