Skip to main content

Australia’s biggest miner affected by commodity price drop

Jessica Amir
August 18, 2020

Australia’s biggest miner and the third biggest company on the ASX, BHP (ASX:BHP), handed down its full year financial results, here’s what you need to know.

BHP (BHP) reported underlying attributable profit of US$9.06b, broadly in line with the prior year, just down 1%. This met the mark for Bell Potter and Citi’s expectation of US$9.06b, but was less than the $9.2b the market was expecting.

But it’s important to note, in the year 50% of BHP’s revenue came from Iron ore (US$20.8b).

BHP declared a total FY20 dividend of US$1.20 down 10%. That was slightly less than the US$1.23 expected. This includes the final dividend of US$0.55 per share, payable on 22 September.

BHP shares are up 58% from its COVID-19 bottom. BHP was maintained as a buy stock by Goldman Sachs and UBS.

Morning Bell 22 January

Bell Direct
January 22, 2025

Morning Bell 21 January

Bell Direct
January 21, 2025

Morning Bell 20 January

Bell Direct
January 20, 2025

Weekly Wrap 17 January

Bell Direct
January 17, 2025

Morning Bell 16 January

Bell Direct
January 16, 2025

Morning Bell 15 January

Bell Direct
January 15, 2025

Morning Bell 14 January

Bell Direct
January 14, 2025

Morning Bell 13 January

Bell Direct
January 13, 2025

Weekly Wrap 10 January

Bell Direct
January 10, 2025

Morning Bell 9 January

Bell Direct
January 9, 2025

Morning Bell 8 January

Bell Direct
January 8, 2025