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BHP reports flat first-half underlying profit, warns of inflation impact

BHP reports flat first-half underlying profit

BHP Group said its first-half underlying profit was largely unchanged from a year ago on Tuesday, citing strong revenue generation and disciplined cost control. The world s biggest.

BHP reports flat first-half underlying profit, warns of inflation impact

(Reuters) -BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said the worst of inflation impacts were receding although it remained cautious on China's economy. BHP said it expects a "more balanced global economy and evidence that the worst of the general inflationary wave is behind us, (to) have a positive impact on our industry in calendar year 2024." For the first-half, BHP's strong revenue growth of 6% was underpinned by higher iron ore and copper prices and contributions from new projects, but was partially offset by lower energy coal realised prices.

BHP reports flat first-half underlying profit, warns of inflation impact

By Sameer Manekar and Melanie Burton (Reuters) -BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by .

Sino Biopharmaceutical to divest 67% stake in unit CP Qingdao for $253 million

Hong Kong-listed Sino Biopharmaceutical will sell a 67% stake in unit CP Pharmaceutical for 1.82 billion yuan to entities controlled by state-owned Guoxin Group, the company said late on.

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