Rio Tinto’s net earnings down by 28% in H1
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Update time : 2022-07-29 21:16:29
Rio Tinto, the second-biggest mining company in the world, reported that its underlying earnings in the first half of this year were US$8.63 billion, down by 29% year on year, higher than analysts’ estimate of US$8.37 billion.
During the period, the company’s interim ordinary dividend was US$4.3 billion, equivalent to US$2.67 per share, the second-highest interim dividend in Rio Tinto's record.
Rio Tinto also reported its first-half net earnings of US$8.9 billion, a year-on-year decrease of 28%, mainly due to changed commodity prices, higher energy costs, and higher inflation rates.
