Australian mining company BHP Billiton has announced its financial results for the first half ended on December 31 of the financial year 2018-19.
Accordingly, BHP Billiton has posted a net profit of US$3.76 billion for the first half of the financial year 2018-19, compared to a net profit of US$4.05 billion in the corresponding period of the previous financial year, while the company's revenue increased by one percent year on year to US$20.74 billion.
Andrew Mackenzie, CEO of BHP, stated that, since the beginning of 2016, the company has reduced its debt by US$16 billion, reinvested US$20 billion in the business and returned more than US$25 billion to shareholders. A strong second half is expected to partially offset the impacts from operational outages in the first half, with unit costs across the business forecast to improve.