New Zealand Refining Co. Ltd. reported audited consolidated financial results for the year ended December 31, 2011. For the year, the company reported after tax profit of NZD 34.52 million compared to NZD 57.72 million last year. Earnings before interest, tax and depreciation (EBITDA) were NZD 132.2 million compared to NZD 156.7 million last year. Net tangible assets per security were NZD 2.03 as at December 31, 2011 compared to NZD 2.13 per share last year. Revenue from ordinary activities was NZD 291.08 million compared to NZD 291.23 million last year. Profit from ordinary activities after tax attributable to security holders was NZD 34.45 million, compared to NZD 57.65 million last year. Net profit before income tax was NZD 47,921,000 compared to NZD 75,119,000 a year ago. Net profit before finance cost and income tax was NZD 52,211,000 compared to NZD 82,901,000 a year ago. Earnings per share were 12.3 cents compared to 20.6 cents a year ago. Return on average shareholder funds was 6.1% compared to 9.2% a year ago. Total capital spend was NZD 26 million. The directors resolved to pay a final dividend of 9 cents per share. An interim dividend of 3 cents per share was paid in September, 2011 resulting in a total dividend payment of 12 cents for the year. Dividend will be payable on March 28, 2012 with record date of March 21, 2012. The company provided capital expenditure guidance for the year from 2012 to 2016. The company expects NZD 35 million in 2012, NZD 45 million in 2013, NZD 90 million in 2014, NZD 40 million in 2015 and NZD 22 million in 2016.