A mixture of local and foreign resource analysts said on Monday that giant mining firm BHP Billiton Ltd (ASX: BHP) is set to report a full year profit of $US12.6 billion once the company's results are made public on Wednesday this week.

The figures were agreed upon by 13 Australian and international analysts, who also chorused that much of the growth accumulated by the company for the past 12 months would be delivered by its core offerings of bulk commodities such as iron ore and coal.

The analysts said that BHP's attributable profit as of June 30 this year would reach $US12.6 billion or $A14.2 billion, up by 17.5 percent from its profit of $US10.72 billion in 2008/09 but lower than the company best performance so far in 2007/08, when profits soared to $US15.39 billion.

UBS chief researcher Glyn Lawcock said that much of BHP's earnings would be contributed by bulk commodities and basing on the first half results, he added that "the three big divisions were petroleum, base metals and iron ore and I would imagine it would be something similar again.

The analysts said that BHP is poised to register earnings before interest and tax (EBIT) of $US19.7 billion, coming from the $US182 billion it posted in fiscal 2009 while the company's underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) should reach $US24.4 billion in the same period, improving from the $US22.28 billion that BHP registered in the previous year.

Dr Lawcock said that the impressive results of BHP's operations should lend credence to its $US40 billion takeover bid for PotashCorp, a Canadian-based fertiliser company, and eventually sway its shareholders that the proposal would be viable.

According to Dr Lawcock, BHP is anticipating firm production growth on its oil and gas operations for most of 2011, owing much to the moratorium on deepwater drilling currently in effect on the Gulf of Mexico.

On the other hand, the company could expect further growth movements on its iron ore and coal mining operations while its aluminium and other base metals explorations should be netting for much of 2011.

As of 1520 AEST on Monday, BHP Billiton shares were trading at $38.20, picking up some cents of values from previous trading sessions.