BHP full-year net profit slumps on writedowns, charges

[Pelican Press 0]

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BHP full-year net profit slumps on writedowns, charges

Mining giant BHP has reported a slump in full-year net profit after writedowns and other charges and has warned of further volatility in commodity markets.

Net profit fell 39 per cent to $US7.9 billion ($A11.7 billion) in the year to June 30, after $US2.7 billion ($A4.0 billion) was written off the value of mothballed *********** nickel assets and a $US3.8 billion ($A5.6 billion) charge for the Samarco dam disaster in Brazil.

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