22
Feb
12:01
Rio Tinto reports slumping profits
Anglo-Australian miner Rio Tinto on Wednesday announced its financial results for 2022, indicating lower earnings compared with a year earlier. However, it expects the global economy to stabilise in 2023, Kallanish notes.
Annual consolidated sales revenue was down 13% year-on-year at $55.6 billion. Underlying EBITDA and net profits, meanwhile, came to $26.3 billion and $12.4 billion respectively, a decrease of 30% and 41% from a year earlier.
The compan…
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.
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