Mining giant BHP achieved the highest profit in five years in its broken financial year. The Australian group mainly benefited from an increase in iron ore prices. Shareholders also benefit, because the company announced the highest dividend in its history.
The prices for iron ore were especially high early this year. It led to a 124 percent increase in profit for the fiscal year, which ran until the end of June, to $ 8.3 billion. BHP pays out 3.9 billion dollars to shareholders. This is in addition to a special dividend of a total of 17 billion dollars that was previously paid in connection with the sale of shale activities.
BHP, formerly known as BHP Billiton, also warned of the consequences for the trade war between the United States and China. The trade policy of the Americans remains uncertain, the company said. If the conflict worsens further, the prices for raw materials such as iron ore will not do well.