logo
Plus   Neg
Share
Email

BHP FY19 Net Profit Surges, Underlying EBITDA Flat; Sees Positive Momentum Ahead

Anglo-Australian miner BHP Group Plc (BHP.AX,BLT.L,BBL,BHP), formerly known as BHP Billiton, reported Tuesday that its fiscal 2019 attributable profit surged 124 percent to $8.31 billion from last year's $3.71 billion.

Basic earnings per share were 160.3 cents, up 130 percent from 69.6 cents a year ago.

Underlying attributable profit was $9.12 billion, compared to $8.93 billion last year. Underlying earnings per share were 176.1 cents, compared to 167.8 cents a year earlier.

Underlying EBITDA was $23.2 billion, same as last year.

Revenue for the year grew to $44.29 billion from last year's $43.13 billion.

Further, the company said its Board has determined to pay an additional amount of 25 US cents per share or $1.3 billion, taking the final dividend to 78 US cents per share. This is equivalent to a 73 percent payout ratio.

Looking ahead, the company said it enters the 2020 financial year with positive momentum and a strong outlook for both volume and cost.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
U.S. retailers Best Buy Co. Inc., Abercrombie & Fitch Co., and Dollar Tree Inc. on Tuesday reported results for the third quarter that surpassed analysts' expectations. The upbeat results indicate that retailers have largely recovered from the impact of the coronavirus pandemic just as the holiday season approaches. The companies have also intensified their focused on digital sales. The U.S. Food and Drug Administration approved the first drug to treat primary hyperoxaluria type 1 (PH1), an ultra-rare genetic disorder which causes recurrent kidney stones and loss of kidney function. Alnylam Pharmaceuticals' Oxlumo (lumasiran) in the form of injection lowers urinary oxalate levels in pediatric and adult patients. The U.S. federal government's General Services Administration or GSA has awarded a five-year federal transportation contract, estimated to be worth up to $810 million, to Uber Technologies Inc. and Lyft Inc., according to multiple reports. Under the contract, the ride-hailing companies would provide services to various public agencies and their around 4 million employees across the nation.
Follow RTT