BHP (BHP AT) H1 (USD) net rose 28% Y/Y to 5.64bln, underlying profit rose 22% Y/Y to 6.2bln (exp. 6.03bln), rev. rose 11% Y/Y to 27.9bln, Co. will pay interim dividend of USD 0.73/shr, inks silver streaming agreement with Wheaton Precious Metals

BHP's strong first-half net profit growth of 28% y/y and an underlying profit that beat expectations suggests robust operational performance, likely driven by higher commodity prices.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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BHP (BHP AT) H1 (USD) net rose 28% Y/Y to 5.64bln, underlying profit rose 22% Y/Y to 6.2bln (exp. 6.03bln), rev. rose 11% Y/Y to 27.9bln, Co. will pay interim dividend of USD 0.73/shr, inks silver streaming agreement with Wheaton Precious Metals

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  • Co. inks silver streaming agreement with Wheaton Precious Metals and will receive upfront payment of USD 4.3bln at completion. 
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Additionally, the significant dividend announcement indicates a solid cash flow, which may support bullish sentiment in both the materials sector and equity markets. The new silver streaming agreement could further enhance their asset portfolio and revenue generation potential.

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