July 27 (Reuters) - Miner Rio Tinto (RIO) reported a 29% drop in first-half profit on Wednesday, hurt by weaker iron ore prices due to cooling demand from top consumer China, higher costs and labour shortages.
The company, one of the world's top iron ore producers, posted an underlying profit of $8.63 billion for the six months ended June 30, compared with a record $12.17 billion a year earlier and a company-compiled consensus estimate of $8.37 billion.
Rio Tinto declared a total interim dividend of $2.67 per share, compared with $5.61 per share a year earlier.
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Last
$116.94 |
Change
-1.270(1.07%) |
Mkt cap ! $43.41B | |||
| Open | High | Low | Value | Volume |
| $117.55 | $117.60 | $115.67 | $180.5M | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1700 | $116.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.99 | 1796 | 1 |
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| Last trade - 16.15pm 09/09/2025 (20 minute delay) ? |
| RIO (ASX) Chart |