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

CG's Semiconductor Manufacturing Venture in India

1 Mins read
Positive News CG Power & Industrial Solutions saw a significant increase in shares following the announcement of their partnership to construct and…
News

Paytm and Affiliate Bank Terminate Agreements

1 Mins read
Paytm and Affiliate Bank Terminate Agreements The owner of Paytm, India’s largest mobile-payment company, and its affiliate bank have decided to end…
News

Voyager Therapeutics Fourth Quarter Success

1 Mins read
Voyager Therapeutics recently saw a significant surge in its shares, skyrocketing by 15% to $10.05 following a surprising turn of events. The…

Leave a Reply

Your email address will not be published.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