Rio unearths mega dividend after coal mine sell-off

Original article by Matt Chambers
The Australian – Page: Online : 2-Aug-18

Mining giant Rio Tinto has posted a statutory first-half net profit of $US4.38 billion, up 33 per cent. Its first-half underlying profit of $US4.42 billion was slightly down on analyst forecasts of $US4.53 billion, while its record interim dividend of $US1.27 per share represented an increase of 15 per cent on last year’s payment. Rio’s iron ore operations in Western Australia achieved an underlying net profit of $US3.22 billion, down one per cent, while its aluminium unit increased its net earnings by 15 per cent to $US871 million.

CORPORATES
RIO TINTO LIMITED – ASX RIO VALE SA GLENCORE PLC BHP BILLITON LIMITED – ASX BHP RBC CAPITAL (AUSTRALIA) LIMITED

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