News

BHP Group to Report Full-Year Earnings

1 Mins read

BHP Group, the world’s largest miner by market value, is set to announce its full-year earnings before the Australian market opens on Tuesday. Let’s take a look at the key details:

Profit Forecast

According to 15 analyst forecasts compiled by Visible Alpha, BHP is expected to report a net profit of $13.30 billion for the year ended June 30. This is a significant decrease from the $30.90 billion profit recorded in the previous year, which was due to the sale of its petroleum business and favorable commodity prices.

Revenue Forecast

Visible Alpha estimates that BHP will record a total revenue of $54.36 billion for the 12-month period, compared to the $65.10 billion revenue reported in the previous year.

What to Watch For

Payout

Analysts at Visible Alpha suggest a total cash dividend of around $1.72 per share for fiscal 2023. This is a decrease from the record $3.25 per share paid out in the previous year. BHP has a policy of paying at least 50% of underlying attributable profit to shareholders.

Projects

With an increased focus on exploration and projects, investors will be eager for updates on BHP’s pipeline. This includes any developments regarding an expansion of its Australian iron-ore operations and the progress of its Jansen potash development in Canada.

Related posts
News

Trading ideas: FGV, Paramount ,Zetrix, United Malacaa, Jati Tinggit, Focus Point, Camaroe, Bursa, IGBREIT, Chin Teck, Dufu, DXN, Tasco

1 Mins read
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Trading in FGV Holdings Bhd will be…
News

SEC Delays Decision on Truth Social's Bitcoin ETF Amid Crypto Market Pause - TokenPost

1 Mins read
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin ETF, extending the review deadline to…
News

401(k)s Now Pull Double Duty as Emergency Funds | PYMNTS.com

2 Mins read
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor,…

Leave a Reply

Your email address will not be published. Required fields are marked *