BHP Billiton Results

[idpickering]

Maximise cash flow: Strong free cash generation underpinned by higher prices

· Attributable profit of US$2.0 billion (includes an exceptional loss of US$2.0 billion predominantly related to the US tax reform) and Underlying attributable profit of US$4.1 billion.

· Underlying EBITDA(ii) of US$11.2 billion and Underlying EBITDA margin(iii) of 53% reflect higher commodity prices and a solid operating performance.

· Net operating cash flow of US$7.3 billion and free cash flow(i) of US$4.9 billion.

· A negative productivity movement of US$496 million was largely due to anticipated factors. We remain on track to deliver productivity gains of US$2 billion over the two years to the end of the 2019 financial year, weighted to the second year.

Full item here;

https://www.investegate.co.uk/bhp-billi ... 00023596F/

[granretire]

And:
Ex-dividend Date London Stock Exchange (LSE) 8 March 2018

Record Date (including currency conversion and currency election dates for ASX and LSE) 9 March 2018

Payment Date 27 March 2018

[StepOne]

And the amount is 55c - around 40p - for a 21% increase on last year.

[tjh290633]

And true to form, the price is down over 3% at the moment.

No doubt they are looking at the basic earnings per share (37.9USc) rather than the underlying earnings per share (76.1USc).

TJH

[idpickering]

And:
Ex-dividend Date London Stock Exchange (LSE) 8 March 2018

Record Date (including currency conversion and currency election dates for ASX and LSE) 9 March 2018

Payment Date 27 March 2018

Thanks for putting this up. I was short of time as I had to catch a ferry to go to the dentist. Such is life in Orkney.

Ian.