http://www.bloomberg.com/apps/news?pid=20601087&sid=aiwT_OHc_gxA
BHP Second Half Profit Drops 65% as Metal Prices, Demand Slump
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By Andrew Hobbs
Aug. 12 (Bloomberg) -- BHP Billiton Ltd., the world’s biggest mining company, reported a 65 percent decline in second- half profit after metal prices and demand plunged during the global recession.
Net income was $3.26 billion for the six months ended June 30, from $9.4 billion a year ago, spokesman Peter Ogden told Bloomberg after the Melbourne-based company’s full-year results were released today. That beat the $3.1 billion median estimate of 6 analysts surveyed by Bloomberg.
Last Updated: August 12, 2009 02:02 EDT
report, page-37
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