CAPITAL MARKETS

BHP profits fall by half

BHP Billiton’s profits for the first six months of the financial year fell more than 50% to $US2.6 billion ($A3.99 billion) with impairment charges for the closure of Ravensthorpe hitting the miner’s bottom line by $3.36 billion.

Kate Haycock

BHP profits fall by half

The big Australian's financial results for the six months to December 31 painted a picture of the end of the commodities super-cycle. Revenue was up 16.6% to $US29.78 billion, while underlying earnings...

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