Anglo-Australian mining company Rio Tinto said on Wednesday it had a record 2021 net profit of $21.09 billion, more than doubling the previous year’s $9.77 billion gains.
Underlying earnings – which exclude some items – stood at $21.38 billion last year, up from $12.45 billion in 2020, reflecting a jump in prices not just for iron ore, which accounted for nearly 80% of result for Rio Tinto, as well as for other commodities, including copper and aluminum.
Analysts had forecast a slightly higher annual underlying gain of $21.63 billion, according to 13 estimates compiled by Visible Alpha.
Company directors declared a final dividend of $4.17 per share, plus a special dividend of $0.62, bringing the total payout for 2021 to $10.40, nearly double the 2020 amount.
Source: CNN Brasil
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