Related News on Closing Price Bhp

BHP Billiton ASX Closing share price on: 17 magisterial 2009 -4.31% Related News: 12 August 2009 BHP Billiton profit skids 62% BHP Billiton said its profit in the year to June 30 shedped to $5.88 one thousand million from $15.39 zillion in the prior year, as revenue mow 16% to $50.21 billion from $59.47 billion. The go withs primal earnings in the beginning interest and tax fell to $18.2 billion from $24.3 billion. Analysts polled by the company had forecast underlying EBIT of $17.7 billion. BHP -- which generates most of its earnings from iron ore, metallurgical coal and petroleum -- said changes in prices hit underlying EBIT by $3.99 billion, while volume changes hit EBIT by $2.52 billion. reveal related story on BHPs oil division. Costs rosiness by $2.52 billion, though the second-half cost rise of 3.5% wasnt as neat as the 12.2% increase during the first half. Its expecting capital spending to drop to $9.5 billion in the current fiscal year from $10.6 billion in fiscal 2009. The company, with a balance sheet stronger than nigh(prenominal) rivals, said it was able to increase its dividend to 82 cents per share. Heading into the results, some analysts thought BHP would keep its dividend unchanged.

BHP said many economies will remediate output over the short term to rebuild inventories, moreover structural problems will take time to correct. BHP said trade good re- acquiting in China appears largely complete, and it now expects Chinese contend to more accurately reflect real end-user purchasing in the near term. But theres evidence of demand better in North America, Europe and Japan, it said. BHPs caution helped limit the agate line price on Wednesday, with the acquit rising 1.4% in London. The stock is up about 5% over the last year. gobbler Gidley-Kitchin, an analyst at Charles Stanley & Co., called the results uneventful and said the stock has underperformed rivals because its less geared. He thinks the company may make an scholarship in the next 12 months to take advantage of its... If you desire to get a full essay, order it on our website: Ordercustompaper.com

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