Mining giant BHP Billiton, one of Australia’s largest miners, has reported a 39% profit increase but cautioned coronavirus could lead it to revise its expectations downwards for the year ahead if it is unresolved by the end of March.
In its results, the firm said underlying profit rose by 39% from US$3.7 billion to $5.1 billion in the six months to 31 December, 2019.
This was the first results for new chief executive Mike Henry who took over from Andrew Mackenzie in January.
BHP is an 8.4% weighting in EQT Flagship and Plato Australian Shares Income, 7.7% in Bennelong Australian Equities and 6.2% in Pendal Australian Equity.
It declared its highest first-half dividend on record of 65 US cents per share. This, it said, was a reflection of the ‘solid cashflow generated in the period, caution due to near term market volatility driven by...