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Analysis: BHP's huge profit no surprise

SBS's Ricardo Goncalves delves into what the knock-on effects of BHP Billiton's $10.5 billion profit will be for investors and the mining tax.

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1 min read

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Updated

By Ricardo Gonçalves

Source: SBS


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BHP Billiton is on track to deliver the biggest full year profit in Australian corporate history.

The big Australian has posted a 72% increase in interim profit to $10.5billion thanks to record commodity prices.

It's also increased its dividend by 10% to 46 cents per share and will return $10billion to shareholders by the end of the year.

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For more on the result, what it means for investors and the government's Minerals and Resource Rent Tax, SBS presenter Ricardo Goncalves spoke with Chris Kimber from Bell Potter Securities.


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