Summary by Futu AI
BHP reported revenue of $55.7 billion for FY2024, marking a 3% YoY increase, while net profit declined 33% YoY to $9.6 billion. The company declared total dividends of $7.7 billion ($1.52 per share) and maintained strong operational cash flow of $20.7 billion. Net debt stood at $9.1 billion, with a gearing ratio improvement to 15.7% from 18.7% in 2023.The company achieved record iron ore production at Western Australia Iron Ore operations but recorded a $3.8 billion impairment charge for Western Australia Nickel assets. Strategic developments included the divestment of Blackwater and Daunia coal mines for up to $4.1 billion and the acquisition of a 50% interest in Filo del Sol and Josemaria copper projects.Looking ahead, BHP maintains a strong position with total assets of $102.4 billion and net assets of $49.1 billion. The company's portfolio focuses on future-facing commodities with a robust growth project pipeline, though management anticipates challenging economic conditions in FY2025. BHP continues to prioritize operational excellence and capital discipline while maintaining strong credit ratings.
This strategy is often seen in tariff policies and trade negotiations.
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
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