BHP Billiton
(ASX:BHP) has reported its net profit after tax attributable to members rose 192 per cent to US$5.89 billion, for the full year to 30 June 2017.
Despite its attributed profit swinging up from a loss in FY16, the mining giant’s profit in FY17 was a lot let than the US$7.24 billion some analysts expected.
BHP’s revenue grew 24 per cent to US$38.29 billion, compared to the prior corresponding period.
Its underlying earnings before interest and tax, depreciation and amortization (EBITDA) made gains of 64 per cent on FY16, coming in at US$20.3 billion.
BHP Billiton also declared its final dividend in FY17 will be US43 cents per share fully franked, another bolstered results, compared to US14 cents per share fully franked in FY16.
The company also advised that in regards to its safety performance, tragically two of its employees died over the last 14 months.
BHP also today announced a US bond repurchase plan and a Euro bond purchase plan.
Shares in BHP Billiton
(ASX:BHP) closed 1.2 per cent higher on Monday at $25.70.
