ENP Newswire -
Release date- 18022014 - BHP Billiton has reported a 15 per cent increase in interim underlying operating profits, in terms of earnings before interest and taxes (EBIT), to reach
Underlying attributable profit rose by 31% to reach
Volume and cost efficiencies to the tune of
Efficiencies were expected to reach an annualised pace of
Free cash flow up
Free cash flow improved by
Net debt was projected to decrease towards
'With strong free cash flow, selective investment and continued simplification, we are well placed to extend our strong track record of capital management,' Chief Executive
Some observers took that as a hint that an increased dividend pay-out or share buybacks might now be a possibility at some point down the line.
The interim dividend was maintained at last year's level for the final dividend of 59 US cents, which implied a rise of 3.5%. Nonetheless, that was slightly lower than expected by some analysts.
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