By Rhiannon Hoyle
BHP Group, the world’s largest miner by market value, is scheduled to report its full-year earnings before the Australian market opens on Tuesday. Here is what you need to know:
PROFIT FORECAST: BHP is expected to report net profit of $13.30 billion for the year ended June 30, according to 15 analyst forecasts compiled by Visible Alpha. That would compare with the $30.90 billion profit it recorded a year ago when it benefited from the sale of its petroleum business and strong commodity prices.
REVENUE FORECAST: The miner is expected to record total revenue of $54.36 billion for the 12-month period, according to the Visible Alpha estimates. It reported revenue of $65.10 billion in the year-earlier period.
WHAT TO WATCH
PAYOUT: The Visible Alpha consensus suggests a total cash dividend of around $1.72 a share for fiscal 2023, down from a record $3.25 a share a year earlier. The miner has a policy of paying at least 50% of underlying attributable profit to shareholders.
PROJECTS: With the company increasing spending on exploration and projects, the market will be looking for updates on its pipeline, including studies for an expansion of its Australian iron-ore operations and the acceleration of its Jansen potash development in Canada.
Write to Rhiannon Hoyle at [email protected]
Read the full article here
