Rio Tinto 2023 profit falls 18.5% to $10.1B - Breaking The News
Download our appPlay StoreApp Store

Rio Tinto 2023 profit falls 18.5% to $10.1B

EPA/CHEN WEIFENG

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."

Related Stocks
JPY/USD
Hang Seng
SSE Composite Index
KOSPI
baha japan
Related News
Rio Tinto 2024 profit jumps 15% to $11.6B
Rio Tinto Group revealed on Wednesday that net earnings or profit after tax attributable to owners jumped by 15% to $11.6 billion and earnings per share (EPS) were up 14.7% to 707.1 cents. Revenue for the full 2024 fell 0.7% compared to 2023 and stood at $53.6 billion.For 2025, the mining corporation kept its guidance for the share of capital investment to be around $11 billion."We continue to build on our momentum with another set of strong operational and...
Arcadium Lithium secures $6.7B Rio Tinto deal
Arcadium Lithium announced on Monday that its shareholders have approved Rio Tinto's proposed acquisition, which is expected to close in mid-2025. The acquisition is valued at $6.7 billion and, upon its expected closure, will make Rio Tinto the world's third-largest lithium miner.CEO Paul Graves praised the shareholder vote, stating, "Together, we enhance our capabilities to successfully develop and operate our assets while supporting the clean energy...
Rio Tinto extends deal with Palantir to use its AI platform
Palantir Technologies Inc. announced on Wednesday that it renewed its enterprise contract with the Rio Tinto Group for an additional four years, securing the mining group's continuing access to the Palantir Artificial Intelligence Platform (AIP).By adopting Palantir Foundry earlier, Rio Tinto's operational environment was already prepared for AI deployment by developing a comprehensive digital twin, Ontology. Through the Ontology, AIP will allow Rio Tinto to quickly...
Rio Tinto to buy Arcadium Lithium for $6.7 billion
Rio Tinto announced on Wednesday that it reached an agreement to acquire American company Arcadium Lithium plc for $6.7 billion. The mining giant will pay $5.85 per share in an all-cash transaction that has been approved by the boards of both companies. The deal is expected to close in mid-2025, subject to Arcadium shareholder and regulatory approvals."Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.