BHP's first-half net profit plummeted by 90%.
Release time:
2016-03-03
Source:
China Metallurgical Mining Enterprises Association Website, 2016-3-
2015 First half of the fiscal year ( 2015 Year 7-12 month), BHP Billiton’s iron ore production increased year-on-year. 2.3% To 1.18 100 million tons (calculated based on equity interests), reaching yet another all-time high—but affected by the sharp decline in iron ore and other commodity prices. 2015 In the first half of the fiscal year, BHP's average sales price for iron ore was... 2014 First half of the fiscal year 70 U.S. dollar / Wet tons down to 43 U.S. dollar / Wet ton FOB ), its sales revenue declined sharply year-on-year. 36.8% To 157.12 hundred million U.S. dollars; profit before interest, taxes, depreciation, and amortization ( EBITDA ) A significant year-on-year decrease 54.2% To 59.94 hundred million U.S. dollars; profit before interest and taxes ( EBIT ) A sharp year-on-year decline 83.9% To 13.42 hundreds of millions of dollars; net profit has even plummeted sharply year-on-year. 91.6% To 4.12 hundred million dollars.
BHP Iron Ore Division 2015 In the first half of the fiscal year, sales revenue declined year-on-year, weighed down by the drop in international iron ore prices. 36.5% To 53.49 hundred million dollars; EBITDA A significant year-on-year decline 43.4% To 28.23 hundred million dollars; EBIT Year-on-year decline 54.1% To 19.27 hundred million dollars.
2015 In the first half of the fiscal year, BHP's total expenditures on capital and exploration amounted to... 2014 First half of the fiscal year 60.04 From hundreds of millions of dollars to 36.31 hundreds of millions of dollars, with a decline as high as 39.5% BHP expects that, 2015 Fiscal year and 2016 During the fiscal year, capital and exploration expenditure will continue to decline, falling to: 70 hundreds of millions of dollars and 50 hundred million dollars.
2015 In the second half of the fiscal year, BHP will continue to reduce its per-unit iron ore production costs and increase output by improving production efficiency. Its per-unit iron ore production costs are expected to remain at... 15 U.S. dollar / ton ( 2015 First half of the fiscal year, Bihe Bihe
The unit production cost of iron ore in Western Australia is... 15.21 U.S. dollar / ton, 2014 The unit production cost for the fiscal year is: 19 U.S. dollar / tons). Affected by the Samarco dam collapse accident in Brazil, BHP expects its 2015 Iron ore production for the fiscal year will be as previously expected. 2.47 Hundred million tons reduced 1000 From ten thousand tons to 2.37 100 million tons (based on equity ownership), with the iron ore production target for the Pilbara region in Western Australia remaining unchanged. 2.7 100 million tons (by) 100% Equity-based accounting.
BHP Chief Executive Officer Andrew Mackenzie ( Andrew Mackenzie ) indicates, 2015 In the second half of the year, China's economic growth slowed down, and the Organization of the Petroleum Exporting Countries (OPEC)... OPEC ) Internal disagreements over oil production cuts have led to a larger-than-expected drop in commodity prices. Nevertheless, BHP remains strongly positioned, generating substantial free cash flow throughout the economic cycle by operating high-quality assets and maintaining a robust balance sheet. As Ma Anzhe pointed out, BHP is well-prepared to respond to rapidly changing market conditions. In the process of divesting... 70 Billions of dollars in assets and spin-offs South32 Subsequently, BHP has focused on operating large-scale, low-cost, long-life-cycle, high-quality upstream assets. Since then, 2012 Since the year, BHP has accumulated earnings from increased production efficiency totaling: 100 hundred million dollars. 2015 Fiscal year and 2016 In the fiscal year, BHP will also cut a total of 35 With capital expenditures totaling hundreds of millions of U.S. dollars, BHP continues to pursue a portfolio of high-return value-added projects. Thanks to its steadily improving financial flexibility and a growing portfolio of high-yield projects, BHP is confident that, in the long term, it can deliver sustained shareholder value and cash returns. Source: World Metal Bulletin )