BHP Billiton Full-Year Profit Declines 30% After Prices Fall
This article is for subscribers only.
BHP Billiton Ltd., the world’s biggest mining company, said full-year profit slumped 30 percent after prices declined.
Net income dropped to $10.9 billion in the year to June 30 from $15.4 billion a year ago, the Melbourne-based company said today in a statement. Profit, excluding one-time items, was $11.8 billion, compared with $17.2 billion a year ago. That missed a median forecast of $12.7 billion of seven analyst surveyed by Bloomberg.