BHP’s half year profit jumps 25 percent, boosts dividend

the planet’s biggest miner BHP Billiton reported a 25 percent rise in underlying half-year profit on Tuesday, helped by robust metals prices, in addition to said its focus remains on cutting debt in addition to boosting shareholder returns.

BHP said its plan to sell its onshore U.S. shale assets, which the item has in its books at $14 billion, was progressing to plan with initial bids expected inside June quarter.

the item also brushed off calls by activist investor Elliott Advisors to change its structure, with listings in both Britain in addition to Australia, saying of which the costs in addition to risks of collapsing the dual listed structure outweigh potential benefits.

Underlying profit for the half year ended Dec. 31 rose to $4.05 billion coming from $3.24 billion a year ago, below a forecast of $4.30 billion, according to Thomson Reuters I/B/E/S.

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