The company noted in a press release that underlying profit, which takes into account a variety of one-time variables, decreased to $11.76 billion from $13.36 billion.
A reduction in the price of raw materials, such as copper (down 3%), and aluminum (down 17%), had a detrimental effect on finances.
According to Visible Alpha, analysts' average estimate of Rio Tinto's underlying earnings was $11.64 billion.
The total dividend payout for the previous year will be $7.1 billion.
source: tradingeconomics.com
A reduction in the price of raw materials, such as copper (down 3%), and aluminum (down 17%), had a detrimental effect on finances.
According to Visible Alpha, analysts' average estimate of Rio Tinto's underlying earnings was $11.64 billion.
The total dividend payout for the previous year will be $7.1 billion.
source: tradingeconomics.com
