BHP Billiton posts first full-year loss, dividend slashed
BHP Billiton has posted a statutory net full-year loss of $US6.385 ($8.3 billion) on significant one-off write-downs.
It is the company’s first annual loss since BHP and Billiton merged 15 years ago.
The company was expected to post a $US5.9 billion ($7.7 billion) loss according to the average of 11 analysts’ estimates compiled by Bloomberg.
The Anglo-Australian mining giant also declared a final dividend of 14 US cents per share, fully-franked, down 77 per cent from last year’s final payout of 62 US cents.
BHP Billiton shares closed up 0.5 per cent at $20.25 on the Australian market ahead of the results release.
More to come.