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EARNINGS PREVIEW: BHP Billiton Fiscal Year Net Profit Seen +18%

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BHP Billiton (BHP): FY09/10 Earnings 
Due: Aug 25 at 0600 GMT 
Company survey of 13 Analysts 
Attributable net profit, excluding exceptional items: $12.6B, up 18% ($10.72B in FY 09/10) 
Average FY09/10 Ebit: $19.7B, up 8.2% ($18.21B in FY09/10) 
Average FY09/10 Ebitda: $24.4B, up 9.5% ($22.28B in FY09/10) 

Note: Full year net profit is forecast to rise due particularly strong performance in its base metals, stainless steel materials and petroleum divisions. The company's results will be overshadowed by its latest unsolicited $38.6 billion offer for Potash Corp of Saskatchewan Inc (POT, POT.T) and whether shareholders are getting better value through the deal rather than a large share buyback. Analysts will also focus on management's commitment to push ahead with the BHP-Rio Tinto (RTP) iron ore production joint venture in light of the Potash offer and what's in store for the company's Gulf of Mexico oil and gas operations following BP's (BP) oil spill. (alex.macdonald@dowjones.com)

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(END) Dow Jones Newswires

August 23, 2010 05:33 ET (09:33 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.

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