BHP: interim earnings up sharply
(CercleFinance.com) - For H1 2018/2019 (July to December), the Anglo-Australian mining group reported a net income of 3.
7 billion dollars, up 81% year-on-year (2 billion dollars in H1 2017/2018).
Remember that H1 2017/2018 was heavily impacted by a tax reform in the US. The group then recorded an extraordinary charge of 1.8 billion dollars in its accounts.
However, BHP's underlying earnings fell 8% from 4.05 billion dollars a year ago to 3.73 billion dollars. Meanwhile, sales came in at 21.6 billion dollars, flat y-o-y.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7 billion dollars, up 81% year-on-year (2 billion dollars in H1 2017/2018).
Remember that H1 2017/2018 was heavily impacted by a tax reform in the US. The group then recorded an extraordinary charge of 1.8 billion dollars in its accounts.
However, BHP's underlying earnings fell 8% from 4.05 billion dollars a year ago to 3.73 billion dollars. Meanwhile, sales came in at 21.6 billion dollars, flat y-o-y.
Copyright (c) 2019 CercleFinance.com. All rights reserved.