BHP’s Full Year Result 18 Aug 20: Higher iron ore prices spur BHP earnings

BHP’s full year result was broadly in-line with the average of analyst’s expectations. NPAT fell 4% to just under US$8.0 billion, which includes one off losses totalling US$1.1 billion. Underlying earnings before interest tax depreciation and amortisation (EBITDA) fell to US$22.07 billion, down from US$23.16 billion in the previous corresponding period (pcp). Unit costs were nine per cent lower across BHP’s major assets. BHP will pay a final dividend of 55 US cents per share, fully franked.

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