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BARRY FITZGERALD
China rains on BHP's profit parade
BHP shot the lights out with its US$9.7 billion (underlying) interim profit and oversized $7.6 billion dividend ($1.50 a share for a payout ratio of 78%), writes <b>Barry FitzGerald</b>.
BHP CEO Mike Henry. Image: Thomas Graham
But just as the local market was warming to the result and the dividend generosity, Beijing was dispatching show cause notices to key players in its iron market in a blunt but effective move to pull the...
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