The Rising Influence of Rising Affluence

[DewDiligence]

Re: BHP’s FY2012 earnings

http://blogs.wsj.com/dealjournalaustralia/2012/07/19/bhp-seeks-friends-in-volatile-times

The consensus from among the analyst research reports…in recent days is that BHP’s net profit for the year that ended in June has fallen 28% to roughly US$17.1 billion from the record US$23.65 billion the year before.

…while the range of forecasts for the 2013 fiscal year [ending 6/30/12] is slightly wider, the average suggests that the profit in the current year [i.e. FY2013] will be down about 26% from [FY]2011 [i.e. a slight increase in profit relative to FY2012].

As previously noted, BHP reports FY4Q12 financial results on 8/22/12.