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BHP Group Limited (ASX:BHP)

ALERT: Price-sensitive ASX Announcement for BHP
Current share price for BHP : $63.710 22.87 (56%)+
Announcement
Release
27 Aug 2024 8:14AM
Price at Release
$40.840
Full Release
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Summary
BHP Group Limited reported a revenue increase of 3% to US$55,658 million for the year ended 30 June 2024, with a net profit after taxation attributable to shareholders decreasing by 39% to US$7,897 million. Net tangible assets per share stood at US$9.35, and dividends declared included fully franked interim and final dividends of US 72 cents and US 74 cents per share, respectively. Underlying basic earnings per share rose to 269.5 US cents. Copper production increased to 1,865.2 thousand tonnes, while steelmaking coal production decreased to 22,275 thousand tonnes. Energy coal production saw an increase to 15,368 thousand tonnes. The report also detailed the temporary suspension and potential restart of Western Australia Nickel operations and emphasized BHP’s sustainability and climate action initiatives.
Key Points
  • BHP Group Limited reported a revenue increase of 3% to US$55,658 million for the year ended 30 June 2024.
  • Net profit after taxation attributable to BHP shareholders decreased by 39% to US$7,897 million.
  • Net tangible assets per fully paid share were US$9.35 as at 30 June 2024.
  • Dividends declared for the year included an interim dividend of US 72 cents per share and a final dividend of US 74 cents per share, both fully franked.
  • Underlying basic earnings per share were 269.5 US cents, up from 265.0 US cents in 2023.
  • BHP's total copper production increased to 1,865.2 thousand tonnes in 2024.
  • Steelmaking coal production was 22,275 thousand tonnes, down from 29,020 thousand tonnes in 2023.
  • Energy coal production increased to 15,368 thousand tonnes from 14,172 thousand tonnes in 2023.
  • The company continued to progress the transition and potential restart of Western Australia Nickel, with operations temporarily suspended in October 2024.
  • BHP's annual report highlights comprehensive sustainability and climate action initiatives in line with ICMM and GRI standards.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.