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Tech & Science BHP's profit jumps 29 per cent to $7.25 billion, dividend increases

01:40  18 february  2020
01:40  18 february  2020 Source:   msn.com

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BHP said its plan to sell its onshore U. S . shale assets was progressing to plan with initial bids expected in the June quarter. 31 rose to .05 billion from .24 billion a year ago, below a forecast of .30 billion . The miner declared an interim dividend of

Australia's Blackmores sees profit hit from coronavirus, scraps dividend

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Growth in profits from continued operations was achieved through better efficiencies across the Group. Savings of Kshs 2.3 billion were delivered in the supply The Board of Directors has recommended a final dividend of Ksh 5.50 per share. The 2017 annual dividend remains unchanged from last year at

View today' s U. S . dividend announcements, increases , decreases and payout changes using MarketBeat' s free dividend announcements calendar. Get Dividend Stock Ideas Daily. Enter your email address below to receive a concise daily summary of stocks that are about to go ex- dividend as

.55 per share, up nearly 38 percent from last

The nation' s top six health insurers reported billion in adjusted profits for the second quarter, up 29 percent from a year ago. Analysts say that increasing use of high deductible plans is helping rein in medical spending, in part by driving down the use of hospital emergency rooms.

a bridge over water with a city in the background: BHP has reported a 29 per cent increase in profit, citing higher iron ore prices and © Provided by ABC Business BHP has reported a 29 per cent increase in profit, citing higher iron ore prices and "a solid operating performance". (Supplied: BHP)

Mining giant BHP has reported a 29 per cent increase in half-year profit to $US4.9 billion (AUD$7.25 billion) and lifted its interim dividend, but the payout fell short of analysts' estimates.

The result includes a one-off loss of $US318 million (AUD$473.45 million) due to cancelling power contracts as it shifts towards 100 per cent renewable energy at its Escondida and Spence copper operations in Chile and provisions relating to the 2015 Samarco dam disaster.

Carsales posts record result despite 'challenging' new car market

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Pretax profit rose 44 percent to 3.95 billion pounds. The company did not pay a dividend a year ago but is paying 2 pence per share for the first half of this year. Chief Executive John Varley expressed concern about regulatory moves to make banks more secure and prevent a recurrence of the crisis

BHP shares rose by nearly 2% in Sydney trading after its earnings release. The company also said it thought the global economy would recover further over the rest of this year. Last week its rival Rio Tinto raised its dividend by 15% after reporting higher profit following an aggressive cost-cutting

The miner's underlying profit rose 39 per cent to $US5.2 billion (AUD$7.74 billion), up from $US3.7 billion (AUD$5.5 billion) a year earlier.

Australia's Woodside Petroleum records 25% drop in annual underlying profit

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Global miner BHP reports a 25 percent rise in underlying half-year profit , and hands an extra 0 million to shareholders, but it falls short of analyst forecasts and rising costs drag down the shares. Sonia Legg reports.

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The company said it was on track to meet full-year production guidance across its major assets and had $US3.7 billion (AUD$ 5.5 billion) in free cash flow, reflecting higher iron ore prices and "solid operating performance".

Shareholders will receive an interim dividend of 65 US cents per share, compared to a 55 US cent dividend for the same period in the previous year.

Analysts had forecast an even higher interim dividend of 71 US cents per share.

BHP said the dividend reflected "solid cash flow" as well as caution due to "near-term market volatility".

New chief executive Mike Henry, who took up the top job in January, said the company was in "good shape".

"Despite near-term uncertainty — due to the coronavirus outbreak, trade policy and geopolitics — we remain convinced by the positive fundamentals of our commodities," Mr Henry said.

If the coronavirus outbreak is not contained within the current quarter, BHP said it would downgrade its expectations for commodities demand and economic growth.

"Global steel production is expected to increase modestly in the 2020 calendar year, with a slowdown in Chinese growth offset by some improvement in key regions," the company said.

Austal ship falls victim to Trump's wall .
Austal CEO David Singleton says that the company was "less pleased" that $393 million in funding for an Austal troop transport was diverted to Trump's wall.Since 2012 Austal USA has delivered 11 Expeditionary Fast Transports to the US Navy as part of three contracts worth a total of about $A3.2 billion for 14 of the 103-metre aluminium catamarans.

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