Reports of $30 billion profit for BHP Billiton

BHP Billiton is expected to record a massive pre-tax profit of $30 billion for the financial year.

BHP Billiton is expected to record a massive pre-tax profit of $30 billion for the financial year.

Reports in London’s Sunday Telegraph stated that the miner will announce over $15 billion in half-yearly profits on Wednesday, a significant increase from its full-year pre-tax profit of $19.6 billion in 2009.

The expected results follow the $14.4 billion full year results the mining giant announced last week.

The Telegraph also reports that following pressure from institutional investors,  BHP is expected to return profits, into the billions of dollars, to its shareholders, including a rise in dividends and a share buy back scheme.
 
 

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