BHP booms with $6.5bn payout

Original article by Nick Evans
The Australian – Page: 15 & 18 : 17-Feb-21

BHP has reported a net profit of $US3.88bn for the first half of 2020-21, which is 20 per cent lower than previously. However, underlying net profit rose 15.4 per cent to $US6bn, while the resources group will return some $US5.1bn to shareholders via a record interim dividend of $US1.01 per share. BHP is bullish about the outlook for the iron ore price, forecasting that a significant pullback would require reduced demand from China and/or increased supply from Brazil. BHP’s iron ore division has posted underlying EBIT of $US9.32bn for the half-year, compared with $US6.34bn for the previous corresponding period.


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