CAPITAL MARKETS

BHP profit slumps 58%

BHP Billiton has posted $US1.4 billion ($A1.3 billion) in write-downs on its aluminium and nickel assets in Western Australia, which contributed to a 58% slump in its half-year profit to $4.2 billion.

Kristie Batten
BHP profit slumps 58%

The company recognised a $1.5 billion impairment on the Worsley alumina assets and a $865 million write-down on its Nickel West business, with both attributed to the strength of the Australian dollar and...

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