News

BHP Billiton revenues fall by 7.5%

diamond world news service

BHP Billiton has announced its financial results for the fiscal ending June 30, 2009. It noted revenues from its diamonds and specialty products, decreasing by 7.5 percent to $896 million. Net profits from operations decreased by 60 percent and amounted to $75 million.

At the end of the fiscal tenure, the mining company’s assets in its diamond and specialty products segment were worth $2.07 billion and liabilities worth $292 million. Its liabilities during last fiscal amounted to $270 million. Its capital expenditure amounted to $112 million in fiscal 2009, dipping from $123 million worth of capex in the previous fiscal.

The mining company owns 80 percent in the Ekati mine in the Northwest Territories of Canada.


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