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Rio Tinto plc (NYSE: RIO) reported H1 consolidated sales of $29.8 billion, a decline of 10% year-over-year. Underlying EBITDA was $15.6 billion, down by 26% Y/Y, and Net earnings were down 29% Y/Y to $8.6 billion. Cash Flow from operations for H1 was $10.5 billion, down from $13.7 billion in H1 2021. RIO slashed its dividend by 53% Y/Y to $4.3 billion, equating to $2.67 per share. This represents 50% of underlying earnings, in line with the shareholder returns policy. Underlying ROCE was 34% ver...
>>> Read more: Rio Tinto Clocks H1 Revenue Decline Of 10%, Cuts Dividend, Yet Yields 13.4%
>>> Read more: Rio Tinto Clocks H1 Revenue Decline Of 10%, Cuts Dividend, Yet Yields 13.4%
