Full Year Results 

BHP Billiton cash flows hold firm

BHP Billiton cash flows hold firm

Higher volumes and commodity prices boosted BHP Billiton (BLT) in its year to June 2018. An 8 per cent rise in copper-equivalent production, coupled with a $4.27bn (£3.33bn) uplift in realised sales prices, held off cost pressures to keep free cash flow and the cash profit margin firm at $12.5bn and 55 per cent, respectively. With net debt down a third to $10.9bn, the commodities giant could comfortably declare a record 63¢ final dividend, 17¢ of which is above a 50 per cent minimum payout ratio.

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