BHP Billiton have delivered NPAT of $7.8 billion well ahead of market expectations

BHP Billiton have delivered NPAT of $7.8 billion well ahead of market expectations. The result was underpinned by a focus on efficiencies and costs savings within BHP's existing operations. BHP has reported annualised savings of $5billion - a figure that is set to rise to $5.5Billion. The Company intends to maintain a focus on efficiency by increasing internal competition for capital. The Company has highlighted its progressive dividend policy with the interim dividend staying in line with that paid at the full year. Net debt for the business stands at $27billion and is project to drop a further 2billion by the end of this financial year. Media release here: (VIEW LINK)