BHP Billiton Results for the Quarter Ended September 30, 2002.Business Editors & Energy Writers MELBOURNE, Australia--(BUSINESS WIRE)--Oct. 30, 2002 BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. (NYSE NYSE See: New York Stock Exchange :BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. )
-- Continued strong performance from diversified asset base, despite weak markets.
-- EBITDA maintained at robust US$1.2 billion.
-- EBIT of US$844 million, attributable profit of US$572 million and earnings per share of 9.2 US cents (all before exceptional items).
-- Interim dividend of 7.0 US cents per share declared, an increase of 7.7%.
-- Commissioning of Escondida Phase IV and San Juan Underground projects.
-- Moody's upgrade long term credit rating to A2 and short term credit rating to P-1.
-- Inaugural EURO750 million Eurobond successfully launched in October 2002.
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2002 2001 Change
Quarter ended 30 September US$M(1) US$M(1) %
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Turnover(2) 3922 3811 2.9%
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EBITDA(2)(3) 1230 1248 -1.4%
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EBIT(2)(3) 844 867 -2.7%
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Attributable profit(3) 572 566 1.1%
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Basic earnings per share (US cents)(3) 9.2 9.4 -2.1%
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EBITDA interest coverage (times)(3)(4) 12.2 9.0 35.6%
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(1) From continuing operations, excluding the results of the Group's
Steel business which was demerged in July 2002. Refer page (7).
(2) Including the Group's share of joint ventures and associates.
(3) There were no exceptional items in relation to continuing
operations in either period.
(4) For this purpose, net interest includes capitalized interest and
excludes the effect of discounting on provisions and exchange
differences arising from net debt.
The above financial results are prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with UK generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ) and are unaudited. Financial results prepared under Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. GAAP are provided on page (11) in our full results. All references to the corresponding period are to the quarter ended 30 September 2001. Further news and information can be found on our Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site: www.bhpbilliton.com |
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