BHP maintains dividend despite softer than expected results

Company News

by Anna Napoli

Mining giant BHP (ASX:BHP) has announced its half year results for FY19 with profit sliding 8 per cent to US$3.8 billion compared to the year earlier period.

The result was weaker than the US$4.2 billion expected by analysts.

Revenue was flat at US$21.6 billion.

Earnings were down 3 per cent to US$10.5 billion.

BHP will maintain its interim dividend of 55 US cents despite the softer than expected results.

The dividend means BHP has now announced US$13.2 billion in cash returns to shareholders in the past six months.
BHP CEO Andrew Mackenzie says a strong second half is expected to partially offset the impacts from operational outages in the first half with unit costs across the business forecast to improve.

Shares in BHP (ASX:BHP) closed 0.03 per cent higher to $37.01 yesterday.


Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.