Reported 3 days ago
BHP Group Ltd. reported a 23% drop in first-half profit, driven by decreased demand from China for key commodities such as iron ore and copper. The mining company's profit reached $5.08 billion, falling short of analyst predictions. Consequently, BHP has reduced its interim dividend to 50 cents per share, its lowest since 2017. Despite the downturn, CEO Mike Henry noted strong demand for BHP's products and signs of recovery in global markets.
Source: YAHOO