Trending: Rio Tinto Reports Lower Profit, Cuts Dividend
February 22 2023 - 1:51AM
Dow Jones News
0721 GMT - Rio Tinto Ltd. is one of the most mentioned companies
in the news over the past four hours, according to Factiva data,
after it reported a 41% decline in net profit for 2022. The world's
second-biggest miner by market value on Wednesday posted full-year
net profit of $12.42 billion that was around $1 billion lower than
an estimate compiled by Visible Alpha. It cited lower prices for
iron ore and copper as well as higher costs to run its mines due to
inflation as contributors to its lower bottom line. It declared a
final dividend of $2.25 a share, bringing its total dividend for
the year to $4.92. Dow Jones & Co. owns Factiva.
(jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
February 22, 2023 02:36 ET (07:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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