A sustained recovery in commodity markets helped BHP Billiton (BHP) achieve a staggering operational rebound in FY17. Full-year (June-ending) sales came in at $38.3bn (+24% yoy), wherein coal (+68%) and iron ore (+39%) were the top-line drivers – primarily benefiting from euphoric price tailwinds (met coal: +96%; thermal coal: +56% and iron ore: +32%). While there were healthy price gains in petroleum (+25%) and copper (+19%) as well, weak output in both the divisions (petroleum: -13% a
13 Oct 2017
Strong full-year results, though overall vulnerability remains
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Strong full-year results, though overall vulnerability remains
BHP Group Ltd (BHP:LON) | 2,340 351 0.6% | Mkt Cap: 118,609m
- Published:
13 Oct 2017 -
Author:
Varun Sikka -
Pages:
4
A sustained recovery in commodity markets helped BHP Billiton (BHP) achieve a staggering operational rebound in FY17. Full-year (June-ending) sales came in at $38.3bn (+24% yoy), wherein coal (+68%) and iron ore (+39%) were the top-line drivers – primarily benefiting from euphoric price tailwinds (met coal: +96%; thermal coal: +56% and iron ore: +32%). While there were healthy price gains in petroleum (+25%) and copper (+19%) as well, weak output in both the divisions (petroleum: -13% a