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Rio Tinto First-Half Earnings, Dividend Fall on Weaker Commodity Prices -- Update

Por: MarketWatch Business July 26, 2023

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Underlying earnings totaled $5.72 billion, compared with $8.66 billion in the first half of 2022, as prices of aluminum, copper and, most importantly, iron ore--which accounts for the majority of Rio Tinto's profits--declined. It is the company's lowest first-half underlying earnings since 2020, after which commodity prices surged on government stimulus programs in response to the Covid-19 pandemic. Analysts had expected first-half... + full article



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