22
Feb
14:56
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…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
More free articles from our archive
Related articles
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous