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And I expect the SP to rise on such good news and virtuous managementBHP has posted its lowest half-year profit in eight years after the company slashed the value of its struggling Australian nickel and Brazilian iron ore assets.
The underlying profit, of $US6.6 billion ($10.1 billion) was largely unchanged from one year earlier. Some $US5.7 billion in impairments and charges, however, left statutory profits at $US927 million.
Shareholders will receive a US72¢ interim dividend worth $US3.6 billion, (better than the US69¢ per share expected). But it was lower than last year’s US90¢ interim dividend and represents the lowest half-year payout to shareholders since February 2020