BHP, the world’s largest mining company by market cap, had net income of $30.9 billion in the fiscal year through June, nearly three times the $11.3 billion gain in the previous fiscal year, according to balance released this Tuesday (16).
The result includes an exceptional gain of $7.1 billion, which is primarily due to the merger of its oil business with Woodside Energy Group Ltd. The good performance also reflects a jump in coal prices.
The Anglo-Australian company’s underlying profit, which excludes non-recurring items, rose 39% in the fiscal year to $23.82 billion amid strength in commodity prices.
BHP declared a final dividend of $1.75 per share, bringing the total return for its fiscal year shareholders to $3.25 per share, 8% higher than the year before.
At around 4:50 am (GMT), BHP’s share jumped 4.7% on the London Stock Exchange. In the Australian market, in Sydney, where this Tuesday’s trading had already ended, the mining company’s share closed up 4.09%.
Source: CNN Brasil
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