BHP full-year profit falls 4% on pandemic hit

[BENGALURU] BHP Group's annual profit dipped 4.3 per cent on Tuesday, as disruptions due to the Covid-19 pandemic overshadowed firm iron ore prices and signs of a rebound in demand from top consumer China.

Underlying profit attributable from continuing operations for the year ended June 30 fell to US$9.06 billion from US$9.47 billion a year earlier, missing estimates of US$9.42 billion, according to Refinitiv IBES data.

The world's biggest listed miner declared a final dividend of 55 cents per share, down from 78 cents a year earlier.

REUTERS