Australian mining company BHP Billiton has announced its financial results for the first half ended on December 31 of the financial year 2016-17.
Accordingly, BHP Billiton has posted a net profit of US$3.2 billion for the first half of the financial year 2016-17, compared to a net loss of US$5.6 billion in the corresponding period of the previous financial year, while the company's revenue increased by 19.6 percent year on year to US$18.79 billion.
BHP Billiton's Western Australia iron ore production increased by four percent to 136 million mt in the first half of the financial year, as a result of the continued ramp-up of additional capacity at Jimblebar and improved rail track reliability. Total iron ore production guidance for the whole financial year remains unchanged at between 228 million mt and 237 million mt.