2/17/2020, 10:33 PM (Source: TeleTrader)
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BHP's net income up 29% to $4.9B in H1

BHP Group plc announced on Monday that its attributable income stood at $4.9 billion in the first half of fiscal 2020 ending December 31, climbing 29% year-over-year. Meanwhile, the firm's basic earnings per share went up by 36% annually to $0.96 in the half ending December 31 while interim dividend per share grew 18% year-over-year to $0.65 in the first half of fiscal 2020.

The Melbourne-based company's net operating cash flow reached $7.4 billion, growth compared to $6.7 billion recorded in the same period of the previous year. Profit from operations landed at 8.31 billion in the first half, increasing 13% on an annual basis.

"Despite near term uncertainty – due to the coronavirus outbreak, trade policy and geopolitics – we remain convinced about the positive underlying fundamentals of our commodities. We see enormous potential to reliably deliver exceptional financial and operational performance, and to grow value and returns," BHP Chief Executive Officer, Mike Henry said in a statement.

Baha Breaking News (BBN) / GA