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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -0.19% | 129.51 | 129.36 | 129.39 | 129.80 | 126.275 | 128.15 | 2,023,511 | 07:16:19 |
From Apr 2021 to Apr 2024
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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