SYDNEY: BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of soaring iron ore prices and improved productivity.
The underlying profit of US$3.2 billion and earnings before tax of $US9.9 billion for the last six months of 2016 exceeded expectations.
"This is a strong result that follows several years of a considered and deliberate approach to improve productivity and redesign our portfolio and operating model," chief executive officer Andrew Mackenzie said.
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