OZL News: Soaring coal prices lift BHP to highest profit in 11 years - 16th Aug 2022, 8:28am

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By Praveen Menon and Savyata Mishra

(Reuters) -BHP Group Ltd reported bumper profits on Tuesday on the back of gains in prices of coal and other commodities, and declined to rule out a second approach in its spurned $6 billion bid for OZ Minerals.

Shares in the world's biggest miner by market value rose 5.5% after a greater-than-expected 26% rise in earnings to $21.3 billion for the year ended June 30 - its highest since 2011 - and the announcement of a record dividend.

Flushed with funds and...

>>> Read more: Soaring coal prices lift BHP to highest profit in 11 years
 
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