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16 Aug
04:19

BHP annual profit soars on higher commodity prices

BHP has reported a net profit of $30.9 billion for the fiscal year ended 30 June, up 173% from $11.3 billion a year earlier, underpinned by higher commodity prices, Kallanish notes. The group achieved a record underlying attributable profit of $23.8 billion, up 39% from the prior year for total operations. The group's capital and exploration expenditure stood at $6.1 billion for continuing operations. This expenditure is expected to be approximately $7.6 bill…
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