BHP’s profit down due to US company tax cuts

Company News

by Anna Napoli

BHP (ASX:BHP) has reported its net profit after tax fell 37 per cent to US$2 billion dollars for the half year to December 2017

Meantime the company announced a lift of 16 per cent in revenue to $22 billion dollars when compared with the prior period.

Underlying earnings (EBIT) for the company rose 15 per cent to $6.9 Billion

The mining company declared an interim dividend of 55 US cents fully franked

BHP says the fall in profit is due to accounting losses as a result of the recent US company tax cuts

Shares in BHP (ASX:BHP) closed 0.41% down to $31.30
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.