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Stock impact report

Global miner BHP Group first-half profit falls 8 percent as copper earnings slump [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Global miner BHP Group first-half profit falls 8 percent as copper earnings slump | Reuters 2 Min Read (Reuters) - The world’s biggest miner BHP Group said on Tuesday its first-half profit fell 8 percent as copper earnings slumped because of declining ore quality at its Escondida mine and a number of production outages globally. Underlying profit from continuing operations for the six months that ended on Dec. 31 fell to $4.03 billion from $4.40 billion a year ago, the company said in a statement. That missed consensus estimates compiled by Vuma Financial of $4.209 billion. Underlying profit is watched by analysts and investors as a measure of the company’s performance exclusive of one-time gains and losses. Revenue from continuing operations rose 1 percent during the period to $20.74 billion. Last month BHP said its second-quarter iron ore production fell 9 percent after it was forced to derail an iron ore-cargo train after it ran away en route to a key shipping hub. Revenue from iro Show less Read more
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