2/19/2019, 7:16 AM (Source: TeleTrader)
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BHP Billiton reports EPS at $0.71 in H1, up 87% YoY

Anglo-Australian mining giant BHP Billiton Ltd. reported on Tuesday its basic earnings per share for the first half of the fiscal year 2018 amounted to $0.71, improving 87% compared to the same period a year ago. The company said its attributed profit for the period ended December 31 stood at $3.8 billion, also rising 87% year on year.

Meanwhile, BHP's net debt was $9.9 billion in the first half of the year, narrowing down by 36% compared to the same period in 2017 while the underlying attributed profit amounted to $3.7 billion, down 8% compared to the first half of last year. The company's profit from operations for the period was up 2% to $7.3 billion.

"Our strong balance sheet and fully funded capital investment plans allowed us to return the US$10.4 billion net Onshore US proceeds to shareholders in the form of a US$5.2 billion off-market share buy-back completed in December 2018 and a US$5.2 billion special dividend paid in January 2019. The Board has also today determined to pay an interim dividend of 55 cents per share, which equates to a payout ratio of 75 per cent," said BHP Billiton's CEO Andrew Mckenzie.

Baha Breaking News (BBN) / VK