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    HomeNewsWorldInternational ResultsWorld's biggest miner BHP posts soaring second half profit

    World's biggest miner BHP posts soaring second half profit

    The underlying profit of USD 3.2 billion and earnings before tax of USD 9.9 billion for the last six months of 2016 exceeded expectations.

    February 21, 2017 / 12:19 IST

    BHP Billiton reported today a dramatic rebound in half-yearly profits on the back of soaring iron ore prices and improved productivity.

    The underlying profit of USD 3.2 billion and earnings before tax of USD 9.9 billion for the last six months of 2016 exceeded expectations.

    "This is a strong result that follows several years of a considered and deliberate approach to improve productivity and redesign our portfolio and operating model," chief executive officer Andrew Mackenzie said.

    first published: Feb 21, 2017 12:12 pm

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