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BHP remains compelling despite profit and payout drop

Lower iron ore and coal prices hit the major miner’s profits as it cuts its dividend 48 per cent on 2022
August 22, 2023
  • Profit falls 58 per cent to $12.9bn
  • Final dividend of 80¢, down from 175¢ in 2022

The world’s biggest miner and the world’s biggest consumer of metals are interlinked, and so China’s slow growth this year equals lower profits at BHP (BHP). The ‘Big Australian’ reported adjusted earnings of $12.9bn (£10bn) for the 2023 financial year, which ended 30 June. 

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