Mining Giant BHP Billiton Posts Annual Net Loss Of $6.39 Billion

Rukhshan Mir (@rukhshanmir) Published August 16, 2016 | 11:57 AM

Mining giant BHP Billiton posts annual net loss of $6.39 billion

SYDNEY,(UrduPoint / Pakistan Point News - 16th Augst,2016) : BHP Billiton reported an annual net loss of $6.39 billion on Tuesday as the impact of a fatal mine dam disaster in Brazil and weak commodity prices hit the world's biggest miner. The results for the year to June 30 followed a $1.91 billion net profit in the previous corresponding period.Underlying earnings, which strip out one-off writedowns, came in at $1.22 billion.

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