Feb 18, 2025 (The Australian Financial Review - ABIX via COMTEX) --
BHP has posted a 2024-25 underlying interim profit of US5.08bn ($7.98bn), which is 23 per cent lower than previously. Lower commodity prices weighed on the half-year result, while shareholders will receive an interim dividend of $US0.50 per share; this is BHP's lowest half-year dividend payout since 2017. Meanwhile, CEO Mike Henry says the resources giant will focus on organic growth projects within its existing portfolio, rather than pursuing acquisitions. He notes that it is increasingly challenging to undertake large global mergers and acquisitions for shareholder value in the current market, which may rule out another bid for Anglo American. BHP is also reducing its reliance on iron ore by increasing its investment in commodities such as copper and potash..
Publication Date: 19 February 2025
BHP GROUP LIMITED - ASX BHP
ANGLO AMERICAN PLC
COMTEX_462909446/2229/2025-02-18T18:37:39
By Peter Ker
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