BHP: stock up after H2 results
(CercleFinance.com) - BHP shares are up over 1% in London today, after the Anglo-Australian mining group reported slightly better-than-expected H2 results (to end-June), Oddo BHF says.
At just over $15.1bn, underlying EBITDA was up 3% y-o-y, in line with consensus, while attributable profit was up 8% at $6.97bn, 3% above consensus.
According to Oddo BHF, the slight improvement in underlying EBITDA reflects higher raw material prices (mainly copper) and better exchange rates, offsetting slightly lower volumes and higher controllable costs.
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At just over $15.1bn, underlying EBITDA was up 3% y-o-y, in line with consensus, while attributable profit was up 8% at $6.97bn, 3% above consensus.
According to Oddo BHF, the slight improvement in underlying EBITDA reflects higher raw material prices (mainly copper) and better exchange rates, offsetting slightly lower volumes and higher controllable costs.
Copyright (c) 2024 CercleFinance.com. All rights reserved.