Published 6 days ago • loading... • Updated 5 days ago

BHP slashes dividend as iron ore decline bites

Summary by The West Australian

Falling iron ore prices has cut the payout BHP shareholders will receive, with increased earnings from a growing copper portfolio not enough to pick up the slack.

4 Articles

All

Left

Center

Right

The West Australian

BHP slashes dividend as iron ore decline bites

Falling iron ore prices has cut the payout BHP shareholders will receive, with increased earnings from a growing copper portfolio not enough to pick up the slack.

6 days ago·Australia

Read Full Article

Miningmx

BHP hit by slump in iron ore prices

BHP reported a 23% decline in its first-half profit as lower prices for iron ore owing to slowing demand from China’s property sector offset higher contributions from copper mining, said The Times. The Australian group reported underlying attributable profit of $5.08bn for the six months to the end of December, below analyst estimates of $5.39bn and lower than the $6.57bn reported last year. It declared an interim dividend of 50 cents per share,…

5 days ago

Read Full Article

City AM

BHP: Mining giant hit by lower iron ore prices

Mining giant BHP has reported a jump in profit for the half-year ended 31 December 2024, despite a drop in revenue due to lower iron ore prices. Attributable profit surged to $4.4bn (£3.5bn), up 376 per cent from $0.9bn in the previous half-year. Underlying attributable profit, however, fell 23 per cent to $5.1bn due to lower realised prices for iron ore and steelmaking coal. Revenue declined eight per cent to $25.2bn, largely driven by weaker i…

5 days ago·London, United Kingdom

Read Full Article

Australian Resource & Investment

BHP declares $3.9bn dividend - Australian Resources & Investment

Image: JHVEPhoto/shutterstock.comBHP, which has faced disruptions from Tropical Cyclone Zelia in recent weeks, has declared a $US2.5 billion ($3.94 billion) interim dividend, equivalent to $US0.50 per share. This comes as the company’s attributable profit jumped 376 per cent from $US0.9 billion in the first half (H1) of the 2023–34 financial year (FY24) to $US4.4 billion in H1 FY25. Profit from operations climbed 90 per cent from $US4.8 billion …

6 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year