8/21/2018, 12:33 AM (Source: TeleTrader)
more TeleTrader news

BHP Billiton's revenue up 20% in H1 YoY, at $45.8B

Anglo-Australian mining giant BHP Billiton Ltd. reported that its total revenue for the first half of 2018 amounted to $45.8 billion, which is 20% higher compared to the same period a year ago. At the same time, its revenue from continuing operations grew 21% to $43.64 billion, as the profit after taxation decreased by 37% to $3.7 billion.

The company's basic earnings per share also fell by 37% compared to the first half of 2018, to stand at $0.69. The same decrease was recorded with attributable net profit, which totaled $3.7 billion. Meanwhile, dividend per share jumped 42% to $1.18 in 2018's first half. Profit from operations was up 27% year over year in the first half of 2018, and amounted to $15.9 billion, the release said, as underlying EBITDA grew 20% to reach $23.1 billion.

"We have announced a record final dividend for shareholders which reflects strong operating performance, solid prices and capital discipline. Our relentless focus on safety and productivity has released additional volumes across our supply chain, with eight per cent volume growth for the year. Our balance sheet is strong, with net debt now at the lower end of our target range, and our investment plans on track across iron ore, copper, coal and petroleum," said BHP Chief Executive Officer, Andrew Mackenzie.

Baha Breaking News (BBN) / NI