BHP Billiton’s first-half profit slips 58%

Feb 20, 2013 | 02:15 PM | Shivani Singh

Tags  BHP Billiton, Olympic Dam, results, profit, Marius Kloppers, Metal Bulletin, Shivani Singh

SINGAPORE — BHP Billiton Plc posted a 57.8-percent slump in profit in its fiscal-2013 first half on substantially lower commodity prices, a weak dollar and inflation despite stronger volumes and operating cost savings, the global miner said Feb. 20.
The London-based miner logged net income of $4.24 billion for the six months ended Dec. 31, down 57.8 percent from the year-prior period. Revenues slipped 14.1 percent in the first half to $32.2 billion vs. $37.5 billion in the same comparison. ....

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