BHP (ASX:BHP) see a rise in profit, increase dividend

BHP (ASX:BHP) see a rise in profit, increase dividend


BHP (ASX:BHP) has reported a 29 per cent increase in half-year profit to $US4.9 billion, that’s $7.30 billion Australian.

The result includes a one-off loss of $US318 million due to cancelling power contracts as it shifts towards 100 per cent renewable energy at its Escondida and Spence copper operations in Chile and provisions relating to the 2015 Samarco dam disaster.

The miner's underlying profit rose 39 per cent to $US5.2 billion, up from $US3.7 billion a year earlier.

New chief executive Mike Henry says the coronavirus outbreak, trade policy and geopolitics are key uncertainties.

They will pay an interim dividend of 65 US cents per share, up from US55 cents on the previous corresponding period.

Shares in BHP (ASX:BHP) are trading 0.1 per cent higher at $38.49.

Copyright 2020 – Finance News Network

Source: Finance News Network

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