BHP Billiton's first-half profit doubles
Posted by adminBHP Billiton on Wednesday shows he has the resources to tackle Potash. The world of mines said in a statement increased 47% in net profit in the first half to 12.72 billion dollars against 5.9 miliardi a year earlier. This figure is slightly below the 13.3 billion average forecast by analysts, where a mixed response in trade after the close of trading in Sydney. The share fell by 0.3% to 37.44 Australian dollars.
Revenues climbed 5.2% to 52.80 billion dollars over the period against 50.21 billion recorded last year. A performance that the group attributed to the rise in copper, nickel and aluminum.The Group has revised upwards its dividend payment that passes, as expected by analysts, cons 41cents to 45 cents a year earlier.
The company said again be able to complete the acquisition of Potash for $ 40 billion. The group's net debt declined to $ 3.3 billion.
For the future, BHP Billiton remains cautious. The Anglo-Australian group said it expected slower growth in China, its largest market, where the economy should grow by 8% in 2011. Overall, the global outlook in the short term are still uncertain for the commodities sector. Without more details, BHP Billition believes that steel production is currently exceeding the actual demand.