SYDNEY: Australian mining giant BHP on Tuesday recorded a major slump in annual profits, which dropped almost 40 percent as inflation bites and commodity prices fall.

The company's latest financial statements showed it banked an annual underlying profit of $13.4 billion, down 37 percent from last year, while global revenues fell 17 percent to $53.8 billion.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details