RIO 0.69% $121.76 rio tinto limited

News: RIO Rio Tinto Posts FY Underlying Earnings Of $10,373 Mln

  1. 184,654 Posts.
    lightbulb Created with Sketch. 2711

    Feb 26 (Reuters) - Rio Tinto Ltd (RIO) :

    • FY UNDERLYING EARNINGS $10,373 MLN VS $8,808 MLN
    • FY NET EARNINGS $8,010 MLN VS $13,638 MLN
    • FY NET DEBT $3,651 MLN VS CASH OF $255 MLN
    • ANNOUNCES FULL-YEAR ORDINARY DIVIDEND OF $6.2 BILLION (382 US CENTS PER SHARE)
    • FINAL ORDINARY DIVIDEND OF $3.7 BILLION (231 US CENTS PER SHARE)
    • CLOSELY MONITORING IMPACT OF COVID-19 VIRUS AND ARE PREPARED FOR SOME SHORT-TERM IMPACTS, SUCH AS SUPPLY-CHAIN ISSUES
    • "OUR PRODUCTS ARE CURRENTLY REACHING OUR CUSTOMERS"
    • TOTAL FY CASH RETURNS OF $7.2 BILLION (443 US CENTS PER SHARE)
    • 2020 PRODUCTION GUIDANCE IS UNCHANGED FROM PRIOR DISCLOSURES
    • CURRENTLY EVALUATING IMPACT OF THE COVID-19 VIRUS, WHICH COULD CREATE SIGNIFICANT UNCERTAINTY FOR BUSINESS IN THE NEAR TERM
    • ALL OPERATIONS ARE LOOKING AT OPPORTUNITIES TO ADJUST TO THE IMPACT OF THE COVID-19 VIRUS ON MARKET CONDITIONS
    • CAPITAL EXPENDITURE EXPECTED TO BE AROUND $7.0 BILLION IN 2020,AND AROUND $6.5 BILLION IN EACH OF 2021 AND 2022
    • COPPER C1 UNIT COSTS IN 2020 ARE AFFECTED BY LOWER COPPER GRADES AND LOWER BY-PRODUCT REVENUES
    • SEES EFFECTIVE TAX RATE ON UNDERLYING EARNINGS OF ABOUT 30% IN 2020
    • WILL CONTINUE TO MONITOR AND ADJUST PRODUCTION LEVELS AND PRODUCT MIX TO MEET CUSTOMER REQUIREMENTS IN 2020
    • LONGER TERM DEMAND FOR COPPER EXPECTED TO REMAIN ROBUST DUE TO URBANISATION, INDUSTRIALISATION, ELECTRIFICATION IN CHINA, EMERGING ECONOMIES
    • EXPECT TO ACCESS HIGHER, MORE CONSISTENT GRADE ORE FROM FIRST QUARTER 2021 FOR MINED COPPER
    • EXPECT ALUMINIUM DEMAND TO IMPROVE IN 2020
    • CO'S AMBITION IS FOR NET ZERO EMISSIONS FROM OPERATIONS BY 2050
    • CO'S GROWTH, OVERALL, BETWEEN NOW AND 2030 WILL BE CARBON NEUTRAL
    • GROWTH BETWEEN NOW AND 2030 WILL BE CARBON NEUTRAL, UNDERPINNED BY ABOUT $1 BLN OF CLIMATE-RELATED SPEND OVER NEXT 5 YRS

    Source: https://bit.ly/39cGusk

    (([email protected];))

 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$121.76
Change
0.830(0.69%)
Mkt cap ! $45.19B
Open High Low Value Volume
$122.26 $123.10 $121.60 $222.7M 1.819M

Buyers (Bids)

No. Vol. Price($)
4 789 $121.50
 

Sellers (Offers)

Price($) Vol. No.
$122.88 1000 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$122.00
  Change
0.830 ( 1.13 %)
Open High Low Volume
$121.84 $123.10 $121.46 342628
Last updated 15.59pm 29/03/2024 ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.