Mining Giant BHP Billiton Earnings Surge 687%; Dividend Hiked 150%

Mining giant BHP Billiton (BHP) reported better-than-expected fiscal first-half earnings early Tuesday and raised its dividend.

BHP Billiton earned $3.244 billion in underlying six-month profit, a 687% year-over-year gain and topping analyst forecasts for about $3.14 billion. Revenue jumped 20% to $18.8 billion. BHP also raised its interim dividend to 40 cents a share, up 150% vs. a year earlier and also above some views.

Government mediation between BHP Billiton and striking workers at the

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