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22 Aug

BHP profit drops 37% on lower commodity prices, Chinese demand

Mining giant BHP on Tuesday reported a 37% drop in underlying attributable profits during the full year ended June 2023, largely due to lower commodity prices across iron-ore, metallurgical coal and copper. While its underlying profits fell to $13.4 billion in FY23, its revenues declined 17% on-year to $53.8 billion, impacted by weaker Chinese demand, Kallanish learns.  The underlying earnings before interest, taxes, depreciation and amortisati…
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