Mining Giant BHP Half-year Net Profit Down 37%

Sumaira FH Published February 20, 2018 | 12:58 PM

Mining giant BHP half-year net profit down 37%

Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02 billion on Tuesday, but the result was weighed down by a hefty charge from US tax reforms

Sydney, (UrduPoint / Pakistan Point News - 20th Feb, 2018 ) :Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02 billion on Tuesday, but the result was weighed down by a hefty charge from US tax reforms.

The result for the six months to December 31 was 37 percent lower than the US$3.

20 billion recorded in the previous corresponding period. Underlying profit, a measure preferred by the world's largest miner, was US$4.05 billion, a 25-percent jump from the prior period but below analysts' expectations.

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