BHP profit misses estimates
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Start your free 15 day trial now' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Lower commodity prices have cut profits for BHP Billiton (BHP) to $US10.87 billion in 2012-13, as the miner announced it will invest $2.6 billion in its controversial Jansen potash project.
Falling iron ore and coal prices pushed underlying profit 31.3% lower to $US11.79 billion – well short of analyst expectations for around $12.7 billion.
Net profit, including significant items, was 29.5% lower at $US10.87 billion.
Falling commodity prices, iron ore and coal hit particularly hard, more than offset record iron ore production and increases in output across most of its commodities.
BHP said weaker commodity prices reduced underlying EBIT by US$8.9 billion.
In the year ending June 30, BHP’s revenues fell 8.7% to $US65.96 billion.
A broader focus on cost cutting and maximising shareholder returns has seen the miner increase its final dividend to 59 US cents per share, just short of analyst expectations, compared to last year's 57 US cents per share (see Robert Gottliebsen's Making BHP more like CBA).
The payout pushes BHP's total dividend to $US1.16 per share compared to last year’s $US1.12 per share.
Call 1300 880 160
Start a chat
Schedule a call
