1996/97 Half Year Profit Result.MELBOURNE Melbourne, city, Australia Melbourne, city (1991 pop. 2,761,995), capital of Victoria, SE Australia, on Port Phillip Bay at the mouth of the Yarra River. Melbourne, Australia's second largest city, is a rail and air hub and financial and commercial center. , Australia--(BUSINESS WIRE)--Dec. 19, 1996--Directors today announced a half year operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. after tax attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. shareholders of Dollar 790 million including abnormal abnormal /ab·nor·mal/ (ab-nor´mal) not normal; contrary to the usual structure, position, condition, behavior, or rule. abnormal, adj items and Dollar 683 million excluding abnormal items; a decrease compared to the November November: see month. 1995 result of 9.8 percent including abnormals and 15.8 percent when abnormals are excluded. The abnormal item included in the 1996 half year result was a profit of Dollar 107 million from the settlement of the Petroleum Resource Rent Tax (PRRT PRRT Petroleum Resource Rent Tax (Australia) PRRT Primal Reflex Release Technique PRRT peptide receptor radionuclide therapy PRRT Project Rework Reduction Tool (Construction Owners Association of Alberta) ) issue with the Victorian Victorian one reflecting an unshaken confidence in piety and temperance, as during Queen Victoria’s reign. [Am. and Br. Usage: Misc.] See : Prudery Government. The 1995 half year result included an abnormal income tax benefit of Dollar 65 million. For the November quarter, the profit available to BHP shareholders excluding abnormal items was Dollar 396 million, an increase of Dollar 109 million over the August quarter and the third successive quarterly improvement. For the first time the release incorporates more detailed Business Group profit information which is attached. Business Group results were: -- Minerals' profit for the half year was Dollar 230 million, an increase of Dollar 7 million or 3.1 percent above the corresponding period. The result reflects higher U.S. Dollar prices for coal and iron ore ore, metal-bearing mineral mass that can be profitably mined. Nearly all rock deposits contain some metallic minerals, but in many cases the concentration of metal is too low to justify mining the ore. , increased shipments of iron ore and higher costs at the NSW NSW New South Wales Noun 1. NSW - the agency that provides units to conduct unconventional and counter-guerilla warfare Naval Special Warfare and Queensland Queensland, state (1991 pop. 2,477,152), 667,000 sq mi (1,727,200 sq km), NE Australia. Brisbane is the capital; other important cities are Gold Coast, Toowoomba, Townsville, Rockhampton, Cairns, and Ipswich. coal mines. -- Copper's profit for the half year was Dollar 217 million, a decrease of Dollar 103 million or 32.2 percent compared to the profit excluding abnormal items in the corresponding period. Major factors affecting the result were lower realised copper prices, increased despatches DESPATCHES. Official communications of official Persons, on the affairs of government. 2. In general, the bearer of despatches is entitled to all the facilities that can be given him, in his own country, or in a neutral state; but a neutral cannot, in general, from Escondida and unfavourable, but improving, results from the North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. division. -- Steel's profit for the half year was Dollar 180 million, a decrease of Dollar 115 million or 39.0 percent on the corresponding period. Lower export prices and higher raw material and labour costs were partly offset by the inclusion of the Tubemakers results. -- Petroleum's profit, excluding the abnormal PRRT item was Dollar 335 million, an increase of Dollar 137 million or 69.2 percent above the corresponding period. Significant factors which affected the result were higher prices for oil and condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. and increased profit from asset sales, partly offset by higher exploration expenditure. -- Service Companies' profit for the half year was Dollar 86 million, an increase of Dollar 35 million compared to the corresponding period. The result included a profit on sale of the oil tanker "Iron Gippsland Gippsland (gĭps`lănd), geographical area, 13,655 sq mi (35,366 sq km), Victoria, SE Australia, E of Melbourne. There are deposits of coal, oil and natural gas (offshore), and limestone. Gold was formerly mined. ." The higher A Dollar/U.S. Dollar exchange rate adversely affected earnings. -0-
Supplementary Financial Information
Minerals operating profit August November Half year ended
after tax Quarter Quarter 30 November
Divisions 1996 1996 1996 1995
---- ---- ---- ----
Dollar Dollar Dollar Dollar
------ ------ ------ ------
Million Million Million Million
------- ------- ------- -------
Coal 48 46 94 115
Iron Ore 73 75 148 115
Manganese 11 10 21 32
World Minerals (21) 62 41 31
Group Activities (35) (39) (74) (70)
-------------------------------------
76 154 230 223
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Copper operating profit August November Half year ended
after tax Quarter Quarter 30 November
Divisions 1996 1996 1996 1995
---- ---- ---- ----
Dollar Dollar Dollar Dollar
------ ------ ------ ------
Million Million Million Million
------- ------- ------- -------
North America (1) (28) (2) (30) 13
South America 108 114 222 183
Pacific 14 41 55 154
Metals(2) (4) 7 3 -
Group Activities (5) (28) (33) (30)
--------------------------------------
85 132 217 320
Abnormals - - - 65
--------------------------------------
85 132 217 385
--------------------------------------
(1) 1995 reflects contribution from Island Copper mine and excludes
Magma operations acquired in January 1996. 1996 figures include
Tintaya mine in Peru.
(2) Includes smelter.
Supplementary Financial Information
Steel operating profit August November Half year ended
after tax Quarter Quarter 30 November
Divisions 1996 1996 1996 1995
---- ---- ---- ----
Dollar Dollar Dollar Dollar
------ ------ ------ ------
Million Million Million Million
------- ------- ------- -------
Flat Products 50 79 129 252
Long Products 17 (6) 11 39
Building & Industrial 23 26 49 16
Products
International 15 15 30 10
Group Activities (15) (24) (39) (22)
--------------------------------------
90 90 180 295
--------------------------------------
Petroleum operating profit August November Half year ended
after tax Quarter Quarter 30 November
Divisions 1996 1996 1996 1995
---- ---- ---- ----
Dollar Dollar Dollar Dollar
------ ------ ------ ------
Million Million Million Million
------- ------- ------- -------
Australia/Asia 182 167 349 265
Americas 7 42 49 14
Hawaii Refinery 8 16 24 1
Europe (1) 53 20 73 3
Group Activities and
Exploration (61) (99) (160) (85)
--------------------------------------
189 146 335 198
Abnormals - 107 107 -
--------------------------------------
189 253 442 198
--------------------------------------
(1) Includes Africa and Middle East.
CONTACT: Broken Hill Proprietary Pierre Pierre (pēr), city (1990 pop. 12,906), state capital (since 1889) and seat of Hughes co., central S.Dak., on the east bank of the Missouri River, opposite Fort Pierre; inc. 1883. Hirsch Hirsch (deer in German and Yiddish) may refer to:
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