Rio Tinto Reports Solid Earnings and Growth Strategy

Rio Tinto Limited (AU:RIO) has released an update.

Rio Tinto Limited has reported a stable financial performance with an underlying EBITDA of $12.1 billion and an interim ordinary dividend of 177 US cents per share. The company’s net earnings reached $5.8 billion, and they announced a disciplined investment strategy focused on profitable organic growth and a 50% payout with a $2.9 billion ordinary dividend. Rio Tinto’s growth strategy includes a copper production increase and major project developments, underpinned by technological advancements and partnerships.

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