BHP 0.11% $37.40 bhp group limited

BHP RESULTS

  1. 415 Posts.
    BHP BILLITON LIMITED Last trade $8.890 at 16:27 7/8/2002






    Sydney - Wednesday - August 7: (RWE) - BHP Billiton Ltd lifted
    net profit 10.5 per cent to $US1.69 billion in the 12 months to June 30.
    Revenues were down 6.8 per cent to $17.78 billion, due to lower
    commodity prices, sales volumes and contributions from ceased and sold
    operations.
    These factors were partly offset by contributions from new and
    acquired operations.
    Appears to be a good result with nothing to nasty


    Earnings before interest and tax, excluding exceptional items,
    fell 12.1 per cent to $3.19 billion from $3.63 billion, caused by the
    lower commodity prices, lower profits from ceased, sold and discontinued
    operations, increased exploration expenditure and the impact of
    inflation on operating costs.
    Offsetting factors were profits from new and acquired
    operations, the favourable effect of exchange rate movements, lower
    price-linked costs and increased profits from asset sales.
    Basic earnings per share fell 12.8 per cent to US32.1c.
    Final dividend of US6.5c, fully franked, was paid on July 3 and
    brought payout for the year to US13c.
    The company said: "In recent weeks extreme volatility in equity
    markets, falling business and consumer confidence and heightened risk
    aversion have cast a pall over the global economic outlook.
    "In reaction, the prices of many traded commodities have fallen
    to or are near multi-month lows.
    "In these circumstances, the executive team will concentrate on
    the sound management of our businesses while remaining alert for
    opportunities that might arise from the turmoil.
    "Whilst our short-run profits may show volatility due to
    movements in foreign exchange rates, our accounting practices provide
    balance sheet stability and proper management of our costs over the long
    run.
    "Additionally, our diversified portfolio of high-quality assets
    provides more stable cashflows, leaving us well placed to prosper where
    others might not."
    The announcement was made after the close of trading.
    BHP Billiton rose 59c to $8.89.
    ENDS



 
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Last
$37.40
Change
0.040(0.11%)
Mkt cap ! $110.0B
Open High Low Value Volume
$37.30 $37.45 $37.21 $14.31M 383.5K

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No. Vol. Price($)
16 4225 $37.40
 

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Price($) Vol. No.
$37.41 2628 23
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Last trade - 10.40am 19/11/2019 (20 minute delay) ?
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Last
$37.31
  Change
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$37.29 $37.44 $37.22 41200
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