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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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.

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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By Ricardo Goncalves
Source: SBS

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