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Lower commodity prices hit profits at BHP

Revenues were lower for iron ore and coking coal despite higher production.

BHP says its Western Australian iron ore mines have the lowest production costs in the world.

Key points
  • Revenue: US$25.2 billion.
  • Profit: Profits down 23% to US$5.1b, lower than forecast
  • Main takeaway: The company is banking on a recovery in China and growth in India.

The slowdown in China has hit interim profits at mining giant BHP Group, which has also cut its dividend to shareholders.

The ASX-listed company today announced a US$5.1 billion ($8.9b) underlying attributable profit for the six months to the end of December, down 23% on the previous year and lower

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Lachlan Colquhoun Tue, 18 Feb 2025
Contact the Writer: lachlan@nbr.co.nz
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Key points
  • Revenue: US$25.2 billion.
  • Profit: Profits down 23% to US$5.1b, lower than forecast
  • Main takeaway: The company is banking on a recovery in China and growth in India.
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Lower commodity prices hit profits at BHP
Investment,
107853
true