On February 20th, BHP Billiton announced its interim performance as of December 31, 2023. According to the financial report, in the first half of the 2024 fiscal year, BHP Billiton's revenue was 27.232 billion US dollars, a year-on-year increase of 6%; Net profit decreased by 86% compared to the same period last year, to 972 million US dollars.
BHP Billiton expects the lagging impact of global inflation to continue into the second half of the year, particularly in the labor sector and in negotiations with the group on long-term supply arrangements. However, the company expects the global economy to be more balanced, and there is evidence that the most severe wave of overall inflation has passed, which will have a positive impact on the industry this year.