Rio Tinto Group announced on Wednesday that its revenue for the full year 2023 fell 2.8% compared to 2022 and stood at $54 billion. Net earnings dropped 18.5% to $10.1 billion and earnings per share (EPS) were down 18.9% to 616.5 cents.
"We are making clear progress as we shape Rio Tinto into a stronger and even more reliable company," CEO Jakob Stausholm said. "Our balance sheet strength enables us to continue to invest with discipline while also paying an ordinary dividend of $7.1 billion, a 60% payout. We will continue paying attractive dividends and investing in the long-term strength of our business as we grow in the materials needed for a decarbonizing world."
