BHP Billiton announced today will be beautiful earnings
□ Internship newspaper reporter Wu Xintao
global mining giant BHP Billiton plans to announce on August 25 fiscal year 2010 annual report. It is widely predicted that ended June 30 of the 2010 fiscal year, BHP Billiton will achieve earnings of approximately 13.3 billion U.S. dollars, far higher than fiscal 2009's 5.9 billion U.S. dollars, close to the company in fiscal 2008 created 15.4 billion profit record. Analysts said BHP Billiton strong balance sheet, the company will purchase Saskatchewan "summon the clout."
Australia Perpectual's investment manager, Bruce said that BHP Billiton will obviously issue a "very outstanding" financial reporting, its a great balance sheet, cash flow will also be strong. Japanese Capital Markets analyst Brennan is expected, with the agreement because of the price of iron ore spot prices rebound in the first half of this year, BHP Billiton in fiscal year 2010 total revenue will reach 52.9 billion U.S. dollars, up 5.3%, of which iron ore revenue reached 11 billion U.S. dollars, up by 5.3%. In cash flow, Brennan predicted BHP Billiton before interest, taxes, depreciation and amortization of profit (EBITDA) is expected to reach 24.6 billion U.S. dollars, which will guarantee the company access to cash through operations to repay debt or to honor other commitments .
Analysts believe that BHP Billiton low debt ratio and adequate cash flow will be successful in obtaining large loans to buy a key factor, when BHP Billiton announced earnings, the company's acquisition team will Saskatchewan shareholders lobbying offensive.
