Tuesday, February 6, 2007

BHP posts record profits

The world's biggest miner BHP Billiton on Wednesday reported a record first-half profit of $6.168bn, and said it expected China to continue to drive global demand for commodities.

The result was a 41.3% increase on the $4.364bn posted for the same period the previous year, the Anglo-Australian company said.

Strong demand, high commodity prices and solid production had allowed the company to achieve record results in all key earnings measures, it said.

Read more at FIN24.co.za

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