Rio Tinto: 14% increase in H1 net income
(CercleFinance.com) - Rio Tinto reports consolidated sales of $26.
8bn for H1 2024, up 1% y-o-y.
Underlying EBITDA was $12bn (+3%), while FCF fell by 25% to $2.8bn.
The mining group posted net income, group share of $5.8bn (+14%), giving underlying EPS of 354.3 cents (vs. 352.9 cents a year earlier).
Against this backdrop, Rio Tinto's CEO Jakob Stausholm sees the company as 'very profitable' and 'growing', thanks to disciplined investment.
Our global copper equivalent production is on track to grow by around 2% this year, and our ambition is to generate around 3% compound annual growth from 2024 to 2028 from existing operations and projects, he adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8bn for H1 2024, up 1% y-o-y.
Underlying EBITDA was $12bn (+3%), while FCF fell by 25% to $2.8bn.
The mining group posted net income, group share of $5.8bn (+14%), giving underlying EPS of 354.3 cents (vs. 352.9 cents a year earlier).
Against this backdrop, Rio Tinto's CEO Jakob Stausholm sees the company as 'very profitable' and 'growing', thanks to disciplined investment.
Our global copper equivalent production is on track to grow by around 2% this year, and our ambition is to generate around 3% compound annual growth from 2024 to 2028 from existing operations and projects, he adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.