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
Amazon said that Prime members in select areas can shop a number of items until Christmas Eve and receive them on the same day itself with Prime free same-day delivery and free two-hour delivery. The option is available through Amazon Fresh and Whole Foods Market. In addition to groceries, Prime members in select cities can shop Amazon Fresh for tens of thousands of items. Profile Design recalled about 260 units of Aeria Ultimate carbon aerobars for possible crash hazard, a statement by the U.S. Consumer Product Safety Commission showed. The company said the bicycle aerobars can crack and break, causing the rider to lose control and crash. The recall involves Profile Design Aeria Ultimate carbon aerobars, sold in one size and all matte black in color. Lufthansa Group Airlines (DLAKF, DLAKY) reported Thursday that it served around 10.4 million passengers in November 2019. It represented a decline of 2.3 percent from the previous year, due to declining passenger numbers on flights within Europe. The capacity or available seat kilometres, was also...
Follow RTT
>