BCN-06 Mining giant BHP half-year net profit down 37%

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BCN-06

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Mining giant BHP half-year net profit down 37%

SYDNEY, Feb 20, 2018 (BSS/AFP) – Higher commodity prices helped global
mining giant BHP report a first-half net profit of US$2.02 billion on
Tuesday, but the result was weighed down by a hefty charge from US tax
reforms.

The result for the six months to December 31 was 37 percent lower than the
US$3.20 billion recorded in the previous corresponding period.

Underlying profit, a measure preferred by the world’s largest miner, was
US$4.05 billion, a 25-percent jump from the prior period but below analysts’
expectations.

BSS/AFP/MR/ 1150 hrs