bhp is a big company that makes lots of stuff like iron and copper. they just shared how much money they made and how much stuff they made in the past year. they made more money and more stuff than before! their shareholders, who own parts of the company, are probably happy about that. Read from source...

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BHP Group reported a 2% YoY increase in underlying attributable profit from continuing operations at $13.7 billion for fiscal 2024 (ended June 30, 2024). The growth was attributed to higher prices and sales volumes in BHP's iron ore and copper operations, productivity initiatives, cost discipline, and favorable raw material costs. This offset the impact of lower energy coal and nickel prices and higher labor costs on profits. BHP's underlying earnings per share were $2.70 compared with $2.65 in fiscal 2023. BHP's FY24 revenues totaled $55.7 billion, which beat the Zacks Consensus Estimate of $54 billion. The top line was 3.4% higher than the prior fiscal year. The improvement was due to higher prices and sales volumes for iron ore and copper compared with the prior fiscal. The Iron ore segment's revenues rose 13% YoY to around $28 billion and revenues in the Copper segment increased 16% to $18.6 billion. Both segments benefited from higher volumes and prices. The Coal segment's revenues plunged 30% to $7.7 billion. BHP's attributable profit (for total operations) declined 39% YoY to $7.9 billion, which included an exceptional loss of $5.8 billion. BHP Group's shares have fallen 18.4% YoTD compared with the industry's 10.1% decline.