BHP Billiton H1 profit almost halves
World's biggest miner has been hard hit by falling prices for its two main commodities, iron ore and oil
Sydney
GLOBAL mining giant BHP Billiton on Tuesday said that its first-half net profit almost halved to US$4.26 billion on the back of collapsing commodity prices as it reiterated a plan to demerge non-core assets.
The 47.4 per cent slump in the six months to Dec 31 compared to US$8.1 billion in the previous corresponding period, with revenues dropping 11.9 per cent to US$29.9 billion.
Underlying earnings - which…
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