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BHP first half profit drops 29.5%

Posted: Tuesday, Aug 27th, 2013

Despite company cost-cutting measures and raising production at its iron ore, copper and oil operations, BHP Billiton said its profits for the first half of 2013 dropped to $10.87 billion (U.S. dollars) from $15.41 billion reported at this time last year.

The Melbourne, Australia mining giant said it had a net operating cash flow for the six months ending June 30, 2013, at $18.3 billion, which demonstrates the strong financial position of the company.

For the complete article see the 08-28-2013 issue.

Click here to purchase an electronic version of the 08-28-2013 paper.

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