BHP reported exceptionally strong H1 FY17 results on the back of (material) price improvements across its commodity portfolio. Coal and iron ore – the key recovery drivers H1 sales were $18.8bn (+20% yoy; +24% hoh), largely driven by coal ($3.9bn; +68% yoy; +80% hoh) and iron ore ($6.9bn; +30% yoy; +34% hoh). Price improvements clearly dwarfed the impact of weak volumes (except for iron ore, where H1 output was up 4% yoy and hoh). The recovery in profitability was astounding, with repor
03 Mar 2017
Despite a staggeringly good H1 performance, downside risks thwart overall attractiveness
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Despite a staggeringly good H1 performance, downside risks thwart overall attractiveness
BHP Group Ltd (BHP:LON) | 2,278 410.1 0.8% | Mkt Cap: 115,479m
- Published:
03 Mar 2017 -
Author:
Varun Sikka -
Pages:
4
BHP reported exceptionally strong H1 FY17 results on the back of (material) price improvements across its commodity portfolio. Coal and iron ore – the key recovery drivers H1 sales were $18.8bn (+20% yoy; +24% hoh), largely driven by coal ($3.9bn; +68% yoy; +80% hoh) and iron ore ($6.9bn; +30% yoy; +34% hoh). Price improvements clearly dwarfed the impact of weak volumes (except for iron ore, where H1 output was up 4% yoy and hoh). The recovery in profitability was astounding, with repor