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BHP: FY EPS close to expectations

(CercleFinance.com) - BHP has reported FY 2019-20 underlying EPS (to end-June) that is up 2% at 179.
2 cents, just falling 1% or so short of the consensus, while underlying EBITDA from continuing operations was down 5% to nearly 22.1 billion dollars.

"BHP's operations generated robust free cash flow and our balance sheet remained strong, with net debt finishing the year at the low end of our target range," said the mining and oil company's CEO, Mike Henry.

He added that the final dividend of 55 cents per share, which is 17 cents above its minimum payout ratio of 50%, brings the total payout to shareholders to 6.1 billion dollars over the full year.


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