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Investing.com -- BHP Group (ASX:BHP), the worldâs largest miner, clocked a sharp decline in its fiscal 2023 profit on Tuesday as weakening metal demand in China, particularly for iron ore, weighed heavily on sales through the year.
Underlying profit attributable for the year to June 30 slid 37% to $13.4 billion - its weakest annual profit in three years. This was driven by a 17% drop in annual revenue to $53.8B.
The Anglo-Australian miner declared a final dividend of $0.80 a share, down f...
>>> Read more: BHP FY profit slides as China metal demand dries up, shares dip
Underlying profit attributable for the year to June 30 slid 37% to $13.4 billion - its weakest annual profit in three years. This was driven by a 17% drop in annual revenue to $53.8B.
The Anglo-Australian miner declared a final dividend of $0.80 a share, down f...
>>> Read more: BHP FY profit slides as China metal demand dries up, shares dip
