Pilbara's big three ride the gravy train … for now

IT is not hard to post a big profit increase and to crank up dividends for yield starved investors when a company’s key commodity has risen by one-third over the previous corresponding period, and has gone higher still to further bolster confidence against a COVID-19 backdrop, writes Barry FitzGerald.

Pilbara's big three ride the gravy train … for now Pilbara's big three ride the gravy train … for now Pilbara's big three ride the gravy train … for now Pilbara's big three ride the gravy train … for now Pilbara's big three ride the gravy train … for now

And so it is with BHP which reports its interim results next Tuesday (February 16). Multiply out the 33% increase in its average realised iron ore price (FOB) from US$78.30 per tonne to $103.