BHP ltd : Slight beat on FY results, strong cashflow, unit cost guidance more mixed
>Strong results and cashflow driven by Copper, dividend a touch below forecasts - BHP’s H2 2023 (to 30 June) results came slightly above expectations. EBITDA was $ 15.1bn, in line with the consensus and up 3% y-o-y. The slight y-o-y improvement reflects higher commodity prices (essentially copper) and better forex offsetting slightly lower volumes and higher controllable costs. Overall, unit costs slightly undershot the group’s most recent indications notably for copp...BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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