BHP First-Half Profit Steady as Inflation, Lower Prices Bite

02/20/2024 06:10
BHP First-Half Profit Steady as Inflation, Lower Prices Bite

BHP Group Ltd. reported flat first-half profit from the year before, as the world’s biggest miner felt the impact of nickel-asset impairments and other provisions even as demand for iron ore and other core commodities remained resilient.

BHP Group Ltd. reported flat first-half profit from the year before, as the world’s biggest miner felt the impact of nickel-asset impairments and other provisions even as demand for iron ore and other core commodities remained resilient.

The company’s underlying attributable profit from continuing operations in the six months to Dec. 31 was $6.57 billion, it said Tuesday in a regulatory filing. That compared to analysts’ estimate of $6.73 billion. It will pay an interim dividend of 72 cents a share, down from 90 cents in the previous six months.

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