BHP full-year profit falls 4% on pandemic hit By Reuters

© Reuters.

(Reuters) – BHP Group (NYSE:)’s annual profit dipped 4.3% on Tuesday, as disruptions due to the COVID-19 pandemic overshadowed firm iron ore prices and signs of a rebound in demand from top consumer China.

Underlying profit attributable from continuing operations for the year ended June 30 fell to $9.06 billion from $9.47 billion a year earlier, missing estimates of $9.42 billion, according to Refinitiv IBES data.

The world’s biggest listed miner declared a final dividend of 55 cents per share, down from 78 cents a year earlier.

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