Rio splashes cash with $19bn payday

Original article by Paul Garvey
The Australian – Page: 17 & 20 : 28-Feb-19

Rio Tinto has posted a 2018 underlying net profit of $US8.8bn, which is two per cent higher than previously, while net earnings rose by 56 per cent to $US13.6bn. The full-year result was bolstered by the proceeds of asset sales and an increase in copper production. Rio Tinto shareholders will receive a full-year return of $US13.5bn, which includes share buybacks, a final dividend of $US1.80 per share and a special dividend of $US2.43. Meanwhile, CEO Jean-Sebastien Jacques notes that there are signs of a slowdown in global economic growth.

CORPORATES
RIO TINTO LIMITED – ASX RIO, SHAW AND PARTNERS LIMITED, BARCLAYS BANK PLC

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