BHP Billiton Reports $6.4bn Loss for 2015-2016 Fiscal Year
BHP Billiton reports a record loss for the past year
Melbourne - QNA
The world's top iron ore producer BHP Billiton on Tuesday posted a $6.4 billion loss for 2015-16, the first full-year statutory loss in the history of the Anglo-Australian company.
The results were due to a 31% fall in revenue to 30.1 billion, as well as a multibillion-dollar writedown in the value of some of its assets, the company said.
Last year's result saw the company make a profit of 1.9 billion. Its best annual result was profits of $23.6 billion in 2010-11. CEO of the company said that over the long-term, he remains objective over commodity prices, especially oil and Copper.
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London - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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