Rio Tinto showers investors with epic $US9.1b dividend
Peter KerResources reporter
Key Points
- First-half revenue ($USb) 33.1, up 71pc on year-earlier 19.4
- Pretax profit ($USb) 18.0, up 242pc from year-earlier 5.3
- Net profit ($USb) 13.1, up 279pc from year-earlier 3.5
- Interim dividend ($US) 5.61 v year-earlier 1.55
Australia’s biggest iron ore miner, Rio Tinto, will return $US9.1 billion ($12.4 billion) to shareholders after the most lucrative six months in its history.
Rio reported better than expected underlying earnings of $US12.16 billion for the first six months of the year, putting it on track for its most profitable full-year result ever in February.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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