Rio Tinto 1st Half Net Profit, Dividends Sharply Higher
July 28 2021 - 2:58AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC notched a $12.31 billion first-half net
profit and more than tripled its midyear payout to shareholders,
benefiting from a bull run in commodity prices that has stoked
inflation expectations around the world.
The world's second-biggest mining company by market value on
Wednesday said its net profit was sharply higher than the $3.32
billion achieved a year ago.
First-half underlying earnings, which strip out some one-off
items, more than doubled to $12.17 billion, beating the $12.01
billion consensus estimate compiled by Vuma from 14 analyst
forecasts.
The boom in profits translated into big returns for
shareholders. Directors declared an interim dividend of $3.76 a
share, up from $1.55 a share the same time last year. They also
unveiled a special dividend worth $1.85 a share.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 28, 2021 02:44 ET (06:44 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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