Mixed coal fesults for BHPB

摘要

BHP Billiton's coking coal profits suffered a sizeable earnings setback in the June year despite higher shipments and an atmosphere of rapidly rising prices. But the company's energy coal operations recorded solid gains. This meant the company's coal operations emerged as a modest performer in a record overall result, with group attributable earnings up 62.8 percent to 3.51bn dollars on a 42.5 percent revenue lift to 24.94bn dollars. Gross profits of BHPB's metallurgical coal operations tumbled 26 percent in the year to 404m dollars (EBITDA basis), despite significantly higher attributable hard coking coal shipments (up 15.5 percent) in the year which helped boost revenue 6.3 percent to 1.61bn dollars. Gross profit of the company's Queensland coking coal operation dipped 10.6 percent to 404m dollars, despite an 18.6 percent revenue improvement to 1.39bn dollars.