Connect with us

National

Rio Tinto profit falls but dividend increases amid ‘exceptional performance’ – ABC News

Rio Tinto’s boss describes his company’s COVID-19 performance as “resilient”, but one analyst is labelling it “exceptional”, despite a 20 per cent profit fall.

Published

on

post featured image

Rio Tinto’s boss has described his company’s COVID-19 performance as “resilient”, but one analyst is labelling it “exceptional”, despite a 20 per cent profit fall.

  • Rio Tinto profit falls 20pc as copper and aluminium prices drop significantly
  • Iron ore prices were up 1pc on a year earlier amid strong demand from Chinese steel mills
  • Rio will pay an interim dividend of $US$1.55 ($2.15) a share

The company unveiled a half-year net profit of $US3.32 billion ($4.6 bi…

Click here to view the original article.

Safety Mate