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REPORTING SEASON: BHP Billiton (BHP)

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Figure 1: BHP Billiton 12 month chart

 

BHP Billiton Limited (ASX:BHP) has reported a 31% per cent fall in full year attributable profit to $11.8 billion.

The result missed the markets expectations due to a higher effective tax rate for the period and one off items totalling $700mln.

Excluding the tax outcome and one off items, the result was largely in line with expectations.

Cost cutting remains a focus for the miner with $2.7bln in costs taken out of the business over the last 12 months.

A final dividend of $0.59 was announced.

 

You can see all of CommSec’s reporting season analysis by clicking here.

Tom Piotrowski, Market Analyst,