BHP Group Full Year Result 16 Aug 22: Record coal prices deliver historic result

The world's biggest miner has reported a full year net profit of $30.90 billion compared to $11.30 billion for the same period a year earlier. The result was driven by record coal and copper prices. Removing one off items, underlying profit was up by 39% to $23.82 billion. Record free cash flow paved the way for a better than expected dividend of $1.75 a share, bringing the total payout for the year to $3.25 per share, up 8% on the year prior and representing a 77% pay out ratio.

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