25 AUGUST 2011aluminiumtoday
BHP Billiton posts record profit
Edited by : AL CIRCLE
1 min read
BHP Billiton posted a record US$24bn profit and it forecast strong demand for its commodities.
The world's largest miner by market value delivered a net profit result of US$23.64bn – up 85.9% from the year before.
BHP said it expected robust demand for commodities in the short and medium term, but cautioned over cost increases that tend to lag the commodity price cycle.
The world's largest miner by market value delivered a net profit result of US$23.64bn – up 85.9% from the year before.
BHP said it expected robust demand for commodities in the short and medium term, but cautioned over cost increases that tend to lag the commodity price cycle.
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