BHP Billiton - one of the four largest mining companies in the world alongside Rio Tinto, Vale and Fortescue - has published a half-year result that failed to live up to the company's expectations, but which bodes well for the dry bulk carriers' expectations.
BHP Billiton finished the fiscal year 2013/14 slightly below analyst expectations. The underlying profit came to USD 13.4 billion, compared to the expected USD 13.6 billion, according to estimates gathered by Bloomberg News.
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