22
Feb
14:56
Rio Tinto says it remains resilient despite 41% drop in net profit
Rio Tinto reported on Wednesday a 41% decline in its 2022 net profit, weighted down by higher energy and raw materials prices, increased inflation rates on operation costs and lower commodity prices (particularly iron ore).
Net profit fell from $21.09 billion in 2021 to $12.42 billion, dragging down the total shareholder dividend to $4.92/share. That’s 53% lower than the $10.40/share investors received in 2021, Kallanish notes.
“Despite challenging ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous