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Business Description: BHP Billiton Limited (BHP) is a diversified resources group with a global portfolio of assets. BHP is among the world’s largest producers of commodities along with substantial interests in oil and gas. Activities involve mining, exploration, production and distribution of minerals and petroleum and uranium.
Strategy Analysis: BHP aims to be the supplier of choice to its end-use customers. Its strategy is three-pronged: build on its diverse reserves base and ensure that best practices are shared quickly across its operations; maintain a steady pipeline of greenfield projects for internal growth; and help increase its pipeline by staying close to its customers.
BHP Billiton reported NPAT down 57.8% to US$4.24bn for the half-year ended 31 December 2012. Revenues from ordinary activities were US$32.2bn, down 14.1% from the same period last year. Underlying EBIT declined by 38% to US$9.8bn. Substantially lower commodity prices, a weak US dollar and inflation more than offset the positive contribution from stronger volumes and operating cost savings. Diluted EPS was 79.4 US cents compared to 187.9 US cents last year. Net operating cash flow was US$6.4bn compared to US$12.28bn last year. The interim dividend declared was 57.0 US cents compared with 55.0 US cents last year
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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