Profits have slumped at Australia’s largest company as commodity prices fall away from the heady heights of 2022 and tax and inflation burdens rise. BHP, a $220bn behemoth, has reported a 17 per cent fall in revenue from $US65.1bn ($A101bn) in FY22 to US$53.8bn ($A83.8bn) for the year ending June 30, 2023, with underlying profits slumping 37 per cent from $US21.3bn ($A33.2bn) in FY22 to $US13.4bn ($A20.9bn). The company credits inflation, falls in prices across major commodities and rising tax burdens for the profit dip. For FY2022, BHP booked an average realised iron ore price of $US113 per wmt, but Tuesday’s ... (full story)