Finance > Capital-markets

Rio shares bountiful cash with investors

The dazzling effect of the 2017 commodities bull market is obvious in Rio Tinto’s (LN:RIO) results for the year: on flat or weaker production numbers, the miner upped its profit 69% year-on-year and will hand shareholders the biggest dividend in company history.

Kristie Batten* and Alex Hamer

Finance > Capital-markets

Rio shares bountiful cash with investors

The dazzling effect of the 2017 commodities bull market is obvious in Rio Tinto’s (LN:RIO) results for the year: on flat or weaker production numbers, the miner upped its profit 69% year-on-year and will hand shareholders the biggest dividend in company history.

Kristie Batten* and Alex Hamer

Rio shares bountiful cash with investors

Rio Tinto got its trucks in a row in 2017

Net profit for 2017 came in at US$8.6 billion, in line with consensus, while net earnings were $8.8 billion, boosted by $2.7 billion worth of asset sales.