BHP Billiton Posts Higher FY Profit - Quick Facts

(RTTNews) - Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L) said its annual profit after tax attributable to members of BHP Billiton Group advanced to $13.83 billion, or 259.1 US cents per share, from last year's $11.22 billion, or 210.2 US cents per share, as restated.

Profit before tax amounted to $22.24 billion this year, an increase from $19.73 billion reported a year back. On an underlying basis, full-year EBIT totaled $22.86 billion, versus $22.93 billion last year.

The firm clocked $67.21 billion in revenue for the year, compared with the prior-year restated value of $65.95 billion.

Further, the company increased its full-year progressive base dividend by 4% to 121 cents per share for an underlying payout ratio of 48%.

In addition, Graham Kerr, currently Chief Financial Officer of BHP Billiton is named Chief Executive designate of the new company that BHP Billiton plans to form in a demerger. Graham would retire from the Group Management Committee on October 1, 2014 and would be replaced as CFO by Peter Beaven, currently President, Copper. Brendan Harris, the present Head of Group Investor Relations, has been appointed as CFO designate of the new firm.