BHP profits increase
BHP profits increase BHP has announced a profit of $7.3b, an increase of 29pc, for the half year ending December 31, 2019. Shareholders received a higher interim dividend with a payout of 97c per share, though it was lower than estimated. BHP chief executive Mike Henry said that the company was in good shape, though it was keeping an eye on effects from the coronavirus outbreak, trade policy and global political uncertainties. “We remain convinced by the positive fundamentals of our commodities," he said. The company reported that with $5.5b in free cashflow, it was on track to meet full-year production guidance. Higher iron ore prices and strong performance across operations has had a positive effect on results. The company...
