BHP’s Half Year Result 16 Feb 21: BHP benefits from surge in iron ore price

The world’s largest miner, BHP Group (BHP) has reported a generally better than expected first half profit result. While revenue, underlying profit and earnings (EBITDA) all rose by double digits, attributable or headline profit fell 20% due to the inclusion of a previously flagged US$2.2 billion (after tax) impairment relating to its energy coal assets, Samarco dam failure and COVID-19 costs.

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