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BHP FY Profit Climbs

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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BHP (BHP.AX,BLT.L,BBL,BHP) reported that its attributable profit for the year ended 30 June 2022 climbed to US$30.9 billion from US$11.3 billion in 2021. Basic earnings per share were 610.6 US cents up from 223.5 US cents in the prior year.

The latest year results included an exceptional gain of US$7.1 billion, where as the prior year results included an exceptional loss of US$5.8 billion.

The exceptional gain of US$7.1 billion reflected a net gain on merger of BHP's Petroleum business with Woodside of US$8.2 billion which is reported as discontinued operations, and a gain on disposal of BMC of US$840 million. It was partially offset by the current year impact of the Samarco dam failure of US$1.1 billion, corporate structure unification costs of US$428 million and an impairment of US deferred tax assets no longer expected to be recoverable after the Petroleum demerger of US$423 million.

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