SYDNEY—Mining giant BHP Billiton reported on Tuesday a half year net loss of $5.67 billion and warned that the current period of weak commodity prices would be prolonged.
The result for the six months through December 2015 was down 233 percent from the $5.35 billion the Anglo-Australian company posted for the same period a year earlier.
Underlying profit for the latest half year fell 92 percent to $412 million as lower commodity prices cut $7.8 billion in earnings.
The Melbourne, Australia-based company slashed its interim dividend to 16 cents per share, from 62 cents a year ago. It said it was revising its progressive dividend policy to ensure increased financial flexibility.
