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The diluted earnings per share decreased from $1.86 to $1.27 from the prior year. At $25.713 billion, the company's revenue decreased by 16 percent.
Exploration and capital costs increased 5% to $3.027 billion. The company's net debt as of December 31 increased by 13% from the prior six months, to $6.91 billion.
"We have an optimistic prognosis on demand for the second half of fiscal 2023 and the beginning of 2024, with China's improving economic activity playing a significant role. If global trade and the economies of the United States, Japan, and Europe continue to contract, we anticipate that demand in China and India will act as a stabilizing counterbalance," BHP CEO Mike Henry noted.
source: cnbc.com
Exploration and capital costs increased 5% to $3.027 billion. The company's net debt as of December 31 increased by 13% from the prior six months, to $6.91 billion.
"We have an optimistic prognosis on demand for the second half of fiscal 2023 and the beginning of 2024, with China's improving economic activity playing a significant role. If global trade and the economies of the United States, Japan, and Europe continue to contract, we anticipate that demand in China and India will act as a stabilizing counterbalance," BHP CEO Mike Henry noted.
source: cnbc.com
