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BHP Billiton profits rise 70% to $19.6bn

Mining giant BHP Billiton has seen its annual profits rise nearly 70% thanks to a recovery in commodity prices.

The company said it made $19.6bn (£12.7bn) in the 12 months to June, up from $11.6bn made in the previous year.

Last year's results were hit by a slump in demand for commodities following the economic crisis.

Theo Leggett reports.

  • 25 Aug 2010