Industry News

Rio Tinto 1H Net Profit $5.12 Billion, Down 43% On-Year

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Update time : 2023-07-26 16:41:55

Mining giant Rio Tinto reported a 43% drop in first-half net profit and pared its payout to shareholders, reflecting a fall in commodity prices as China's economic recovery faltered.

The world's second-biggest miner by market value on Wednesday said it made a net profit of $5.12 billion in the six months through June, down from $8.94 billion a year earlier.

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