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

Ethereum's Rally to $6,000+ Is About to Get the Next Boost

1 Mins read
Fast forward, the red W-iii peaked at $4792 (the 176.4% extension). Ether then dropped to $4067 for the red W-iv (the 123.6%…
News

Billionaire Barry Silbert says he hasn't been this excited about a crypto project since discovering Bitcoin todayheadline

2 Mins read
“I believe that the next big wave in crypto is going to be the convergence of AI and crypto,” said Silbert, who…
News

When Cybercriminals Weaponize Artificial Intelligence at Scale

4 Mins read
New to the arsenal – ‘agentic cybercrime,’ where AI becomes a hacker’s strategic advisor and operational commander. Anthropic’s August threat intelligence report…

Leave a Reply

Your email address will not be published.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