Connect with us

Hi, what are you looking for?


BHP Billiton record $15.4 billion profit

SYDNEY, August 18 – The world\’s biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday, setting an Australian corporate record.

The Anglo-Australian resources giant beat last year\’s net profit of 13.4 billion dollars by 14.7 percent, but the result was slightly down on analysts\’ expectations of 15.9 billion.

BHP said it expected demand for commodities to remain strong in the longer term but that the global economy would slow in the near term.

The firm in February embarked on a hostile takeover bid for rival Rio Tinto.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...