BHP continues bullish as profits hit record

BHP Billiton today said there was no sign of an end to the global commodity boom despite escalating fears over the credit crunch in the US as it reported record full-year profits of nearly $14 billion (£6.7 billion).

The world’s biggest mining group insisted that while the US economy slowing there was no sign of a let up in demand from China and India. It added that growth in the Chinese economy may even accelerate over the rest of the year

Chip Goodyear, outgoing chief excecutive, said: “We have taken the opportunity to speak to our customers and I would say the outcome is as expected.

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- Posted: 2007-08-22 09:11:29

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