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BHP: H1 underlying net profit up 16%

(CercleFinance.com) - BHP has announced H1 2020-21 underlying attributable profit (to end-December) that is up 16% at 6.
04 billion dollars, representing EPS of 119.4 cents, broadly in line with analysts' expectations.

The Anglo-Australian mining company's underlying EBITDA increased by 21% to 14.7 billion dollars, meaning a margin of 59%, with a solid underlying operating performance, including record production at Western Australia Iron Ore (WAIO).

BHP's Board of Directors has decided to propose an interim dividend of 1.01 dollar per share (or 5.1 billion dollars), representing a payout ratio of 85% on an underlying basis.


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