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BRIEF-BHP Billiton Ltd FY Underlying Attributable Profit $8,933 Mln

Published 21/08/2018, 08:56 am
© Reuters.  BRIEF-BHP Billiton Ltd FY Underlying Attributable Profit $8,933 Mln
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Aug 21 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX :

* FY NET PROFIT $3,705 MILLION VERSUS $5,890 MILLION

* FY UNDERLYING ATTRIBUTABLE PROFIT $8,933 MILLION VERSUS $6,732 MILLION

* FINAL DIVIDEND OF US63 CENTS PER SHARE

* FY TOTAL REVENUE UP 20 PCT TO $45,809 MILLION

* CAPITAL AND EXPLORATION EXPENDITURE GUIDANCE UNCHANGED AT BELOW US$8 BILLION PER ANNUM FOR THE 2019 AND 2020 FINANCIAL YEARS

* AS AT JUNE 30, NET DEBT OF US$10.9 BILLION

* PRODUCTIVITY GAINS OF APPROXIMATELY US$1 BILLION ARE NOW EXPECTED FOR THE 2019 FINANCIAL YEAR

* UNIT COST GUIDANCE FOR THE 2019 FINANCIAL YEAR IS EXPECTED TO BE LESS THAN US$11 PER BARREL

* IN SHORT TERM, SUPPLY GROWTH FROM SEABORNE HIGH-QUALITY IRON ORE SUPPLIERS, AMPLE INVENTORIES AT CHINESE PORTS TO PUT CAP ON BENCHMARK PRICES

* ESCONDIDA UNIT COST GUIDANCE FOR 2019 FY IS EXPECTED TO INCREASE TO LESS THAN US$1.15 PER POUND

* US$0.9 BILLION EXPLORATION PROGRAM PLANNED FOR 2019 FY AND INCLUDES PETROLEUM EXPLORATION AND APPRAISAL EXPENDITURE OF US$750 MILLION

* NET DEBT IN LOWER HALF OF TARGET RANGE AND INVESTMENT PLANS ON TRACK FOR FY19

* EXPECT TO RETURN NET PROCEEDS TO SHAREHOLDERS FROM ONSHORE US SALE ANNOUNCED FOR US$10.8 BLN

* CONTINUE TO EXPECT CHINA'S ECONOMIC GROWTH TO SLOW MODESTLY IN 2018 CALENDAR YEAR

* POTASH INDUSTRY IS NAVIGATING A PERIOD OF EXCESS CAPACITY BETTER THAN EXPECTED

* EXPECT POTASH ANNUAL DEMAND GROWTH OF BETWEEN 2 AND 3 PER CENT OVER NEXT DECADE, RESULTING IN DEMAND OUTSTRIPPING SUPPLY BY MID-TO-LATE 2020S

* $750 MILLION PETROLEUM EXPLORATION AND APPRAISAL PROGRAM IS PLANNED FOR FY 2019

* ADJUSTED EFFECTIVE TAX RATE IS EXPECTED TO BE IN THE RANGE OF 30 TO 35 PER CENT FOR THE 2019 FY

* NEAR-TERM PROSPECTS FOR US ECONOMY ARE SOUND

* IN US, EXPECT INCREASE IN PROTECTIONISM TO WEIGH ON CONSUMER PURCHASING POWER AND INTERNATIONAL COMPETITIVENESS

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