Mining giant BHP Billiton fiscal-year profit up 15%, revenue up 25%

LONDON (MarketWatch) — Mining giant BHP Billiton said Monday that its
fiscal-year net profit rose 14.7% to $15.39 billion, after revenue climbed 25.3%
to $59.57 billion. Analysts had been expecting average net profit of $15.86
billion, according to data compiled by Dow Jones Newswires. BHP Billiton lifted
its dividend by 48.9% to 70 cents a share. In the year, the firm produced record
amounts of petroleum, copper, iron ore, manganese ore and alloy, alumina and
molybdenum and it said strong volume growth allowed it benefit from very high
prices. Demand for raw materials in emerging market economies has remained
strong, BHP Billiton noted. “Looking to the longer term, demand for our
commodities is expected to remain strong,” it said.

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