Leading miner BHP Group (NYSE:BHP) announced its full-year financial results for the fiscal year ending June 30.
Despite a challenging macroeconomic environment, BHP delivered a solid performance. It grew profits by 2% year-over-year to an underlying attributable profit of $13.7 billion.
“We expect volatility in global commodity markets in the near term, with China experiencing an uneven recovery," CEO Mike Henry noted. China's slowing economy, particularly its troubled property market, affects the demand for iron ore — one of BHP's largest revenue sources.
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As a result, BHP's dividend payout for this period was slightly reduced to 74 cents per share. That’s ...
