Therefore,
Bhp increases its profit thanks:
Mike Henry. Similarly, the managing director, praised a year “marked by record production” of copper and iron ore and an annual net profit up 14% to $ 9 billion (7 billion francs). Moreover,
The Australian mining giant BHP announced on Tuesday an increase in its profit thanks to the growing demand of China for copper. Nevertheless, which helped to compensate for the drop in prices of iron ore and coal.
Mike Henry. the managing director, praised a year “marked by record production” of copper and iron ore and an annual net profit up 14% to $ 9 billion (7 billion francs).
But the results also highlight the difficult market conditions facing the largest mining company in the world.
Revenue dropped 8% to 51 billion US dollars. while underlying profits-which can give a clearer image of the company’s operational performance-fell by 26% bhp increases its profit thanks to 10.2 billion dollars.
The company then indicated that the drop in revenue was “mainly due to the decrease in prices for iron ore. coal.”
But the copper request from China, higher than expected, has balanced this decline, according to BHP.
“In a context of global uncertainty. this solid performance has led to robust financial results and reflects the resilience of BHP activities and strategy,” said Henry.
“We remain confident in the long -term fundamentals of steel materials. copper and fertilizers, which are essential for global growth, urbanization and energy transition”.
bhp increases its profit thanks — Bhp increases its profit thanks: Mike Henry. the managing director, praised a year “marked by record production” of copper and iron ore and an annual net profit up 14% to $ 9 billion (7 billion francs). The Australian mining giant BHP announced on Tuesday an increase in.
Further reading: Do air conditioners help warm cities? – release – “The road is really damaged!”: A nest-in-place on the 158 route costs him more than $ 1,100 in repair – A thousand meters from the record: Valais: Salorstratos has never stolen so high – The Paris Stock Exchange Flanche, Trump relating trade tensions – 07/11/2025 at 6:37 pm – Why the electrical autonomy revolution is not for tomorrow.
