Rio Tinto: 2017 below expectations

(CercleFinance.com) - The Rio Tinto stock is sluggish in London, not really benefiting from the publication of net income that has almost doubled (+90%) to 8.
76 billion dollars for 2017.

Underlying income rose 69% to 8.62 billion dollars, meaning EPS of 482.8 cents, slightly under the consensus.

Underlying EBITDA of the Anglo-Australian mining company rose 38% to 18.6 billion dollars, meaning a margin that had reached its highest level in ten years, at 44%, on revenues that are up 18% at 40 billion dollars, thanks to higher prices.

Rio Tinto boasts operating cash flow of 13.9 billion dollars over the past year, which has enabled it to offer its shareholders a record dividend of 5.2 billion dollars, along with additional share buybacks that amount to 1 billion dollars.

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