Kalkine Says: BHP Group Ltd (ASX: BHP) Shares Dip Following Half-Year Results

Tue 20 Feb 24, 06:33 AM | Team Kalkine

BHP Group Ltd (ASX: BHP) shares are experiencing a downturn in morning trading, currently down 1% to $45.58.

Reasons Behind the Decline:

Investor sentiment has shifted negatively today as BHP's half-year results fell slightly short of expectations.

In its latest financial report, the mining giant posted a 6% increase in revenue to US$27.2 billion. However, its profit after tax took a substantial hit, plummeting by 86% to US$927 million. This significant decline was primarily attributed to exceptional items totalling US$5.6 billion, related to the impairment of Western Australia Nickel and charges stemming from the Samarco dam failure.

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