AU market earnings: BHP posts $7.9 billion net profit amid global volatility
BHP posts a 39% drop in net profit to $7.9 billion, yet surpasses estimates with $13.7 billion underlying profit.
[AI generated]
This video was created on 26 August for IG audiences by ausbiz.
BHP's strategic shifts and mixed financial outcomes
BHP reported a 39% drop in full-year net profit, decreasing to $7.9 billion, amid challenging global economic conditions. Despite this decline, the mining giant delivered an underlying profit of $13.7 billion, surpassing analyst expectations.
The company declared a final dividend of $0.74 USD per share, bringing the total annual dividend to $1.46 USD per share. BHP's revenue rose 3% to $55.7 billion USD, while net debt improved, falling 18.7% to $9.1 billion USD.
Woodside Energy reported an 11% increase in first-half profit to $1.9 billion USD. However, its core net profit declined by 14% to $1.6 billion USD, attributed to lower realised oil prices amid weak demand from China. Woodside declared an interim dividend of $0.69 USD per share.
Guzman y Gomez, the Mexican-themed fast food chain, reported a full-year loss of $13.7 million USD. However, pro-forma net profit, which adjusts for IPO-related costs, rose 94% to $5.7 million USD. The company’s global network sales grew by 26% to $959 million USD, driven by both comparable restaurant sales and network expansion. Revenue increased by 32% year-on-year to $342 million USD.
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Discover how to trade the markets
Learn how indices work – and discover the wide range of markets you can trade CFDs on – with IG Academy's free ’introducing the financial markets’ course.
Put learning into action
Try out what you’ve learned in this index strategy article risk-free in your demo account.
Ready to trade indices?
Put the lessons in this article to use in a live account – upgrading is quick and easy.
- Get fixed spreads from 1 point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Protect your capital with risk management tools
- Trade more 24-hour markets than any other provider
Inspired to trade?
Put your new knowledge into practice. Log in to your account now.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
