Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

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.

Did you like this? If so, please bookmark it,

about it, and subscribe to the blog RSS feed.

Possibly Related Posts:

• Pearl River Delta repositioned as China’s “reform test field”
• The number that scares me the most is the number we can’t get.
• “Lyin’ Bankers, Meet Mathematics” By Karl Denninger
• “Buying a house is an investment, and I can make money”
• Why Crude Oil Prices will Decline

Did you like this? If so, please bookmark it, about it, and subscribe to the blog RSS feed.

Technorati Tags: Alloy, Alumina, Bhp Billiton, Commodities, Copper, Dividend, Dow Jones, Dow Jones Newswires, Emerging Market Economies, Fiscal Year, Giant Bhp, Iron Ore, London, Manganese Ore, Marketwatch, Molybdenum, Net Profit, Petroleum, Raw Materials, Volume Growth