BHP’s Profit Down 5.5% in First Half

Bloomberg reported that first half profits for BHP Billiton (NYSE:BHP) were down on increases to costs and lower production.

As quoted in the market news:

Net income was $9.9 billion in the six months ended Dec. 31, from $10.5 billion, a year earlier, the Melbourne-based company said today in a statement. That compares with the $10 billion average estimate of seven analysts surveyed by Bloomberg.

Click here to read the full Bloomberg report.