World's Biggest Miner BHP Posts Soaring Second Half Profit

Sumaira FH Published February 21, 2017 | 11:20 AM

World's biggest miner BHP posts soaring second half profit

SYDNEY, , (UrduPoint / Pakistan Point News - 21st Feb, 2017 ) - BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of soaring iron ore prices and improved productivity.

The underlying profit of US$3.2 billion and earnings before tax of $US9.

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.

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