SYDNEY: BHP Billiton sees continuing strong demand for its products despite China's attempts to slow economic growth, putting it in a strong position to increase earnings after a record US$3.51bil net profit for the June year, up from the previous year's US$1.92bil net profit.
The Anglo-Australian dual listed resources giant said the latest year's profits, which matched market consensus forecast, followed better earnings before interest and tax (EBIT) contributions across all its key business groups.