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Mining giant Rio Tinto half-year net profit jumps 33%

Mining giant Rio Tinto half-year net profit jumps 33%

Mining giant Rio Tinto on Wednesday reported a 33 percent jump in first-half net profit and announced a record interim dividend and a further share buyback.

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01.08.2018 04:57 PM

Mining giant Rio Tinto on Wednesday reported a 33 percent jump in first-half net profit and announced a record interim dividend and a further share buyback.

The Anglo-Australian firm's net profit in the six months to June 30 came in at US$4.38 billion while underlying profit, its preferred measure, jumped 12 percent to US$4.42 billion.

Rio will pay out interim dividend totalling US$2.2 billion and a undertake a US$1.0 billion top-up to its existing share buy-back programme.
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