BHP Billiton Ltd. (
BHP
)
has reported financial results for fiscal year 2012 ended June 30,
2012 with diluted earnings per ordinary share of $2.88, down
considerably from $4.27 in the year-ago period.
Revenues inched up 0.7% to $72.2 billion from $71.7 billion for
the fiscal year ended June 30, 2011. Underlying EBIT and EBIDTA
were recorded at $27.2 billion and $33.7 billion, down 14.8% and 9%
year over year, respectively.
Net operating cash flows decreased marginally to $24.4 billion
from $30.1 billion in the corresponding period last year.
Capital and exploration expenditure totaled $20.8 billion for
the fiscal year ended June 30, 2012. Expenditure on major growth
projects came in at $16.3 billion, which includes $5.1 billion on
Petroleum projects and $11.2 billion on Minerals projects. Capital
expenditure on sustaining and other items stood at $2.0 billion.
Exploration expenditure was $2.5 billion, which includes $1.6
billion classified within net operating cash flows.
Net financing cash flows included proceeds from borrowings of
$13.3 billion. Such proceeds are partially offset by dividend
payments of $5.9 billion and debt repayments of $4.3 billion. Net
debt, comprising interest bearing liabilities less cash, was $23.6
billion, up from $17.8 billion as of June 30, 2011. Cash and cash
equivalent, net of overdrafts, at the end of the period, was
recorded at $4.8 billion, down from $10.1 billion a year ago.
BHP Billiton maintains a progressive dividend policy, upholding
shareholder sentiments and confidence. On August 22, 2012, BHP
Billiton declared a final dividend of 57 cents per share ($3,049
million), scheduled to be paid on September 28, 2012. BHP Billiton
declared an interim dividend of 55 cents per share on February 8,
2012, which has already been paid to holders on March 22, 2012.
BHP Billiton is one of the world's largest diversified resource
companies operating in mineral exploration, production and
processing, oil and gas exploration and development, and steel
production and merchandising. The company competes directly with
the likes of
Alcoa Inc
(
AA
) and
Vale S.A
(
VALE
) and remains positive on the outlook for an improving global
economy driven by urbanization and industrialization, in the future
ahead.
ALCOA INC (AA): Free Stock Analysis Report
BHP BILLITN LTD (BHP): Free Stock Analysis
Report
VALE SA (VALE): Free Stock Analysis Report
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