BHP Billiton Limited (BHP) - NYSE
  • Aug. 20, 2013, 3:30 AM
    • BHP Billiton (BHP) FY profit before items $11.8B vs $17.2B and consensus of $12.7B.
    • Revenue $65.97B vs $72.23B.
    • Net profit -30% to $10.9B.
    • EPS $2.037 vs $2.884
    • Pretax profit $17.87B vs $23.02B last year.
    • Profit hurt by exceptional items of 922M and a temporarily increased tax rate, while emerging economies experienced lower-than-expected growth in H2.
    • Ups final dividend by $0.02 to $0.59, slightly below forecasts for $0.60.
    • BHP to cut capex by 26% in 2014 to $16.2B.
    • Plans to invest $2.6B in digging shafts and installing infrastructure at its Jansen potash project in Canada over the next few years. However, BHP didn't provide a timetable for when output would begin. The miner could sell stake to partners.
    • Shares -3.2% in London. (PR)
    | Aug. 20, 2013, 3:30 AM
Company Description
BHP Billiton Ltd. engages in the exploration, development, production and processing of minerals, gas and oil. It operates through the following segments: Petroleum and Potash, Copper, Iron Ore, and Coal. The Petroleum and Potash segment explores, develops and produces oil and gas; plus the... More
Industry: Industrial Metals & Minerals
Country: Australia