16
Aug
11:01
BHPB posts massive loss in FY 2016
BHP Billiton (BHPB) has posted its first loss since being formed in 2001 for the financial year ended June 2016, with overall earnings falling sharply from the previous year. It continued to see underlying profits but suffered massive write-downs in iron ore and energy products, Kallanish notes.
Underlying profit of $1.2 billion was easily wiped out by $7.7 billion of exceptional items, mainly write-downs. Underlying Ebitda was also barely half its previous…
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Anonymous
Very good overview of the weekly steel market.
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