2/23, 7:14 AM (Source: TeleTrader)
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Rio Tinto's EPS soars 116% in 2021

Rio Tinto Group revealed on Wednesday that its diluted earnings per share in the full fiscal year 2021 amounted to $12.95, rising 116% compared to the previous year.

Consolidated sales revenue jumped 42% from 2020 to $63 billion in 2021 and operating profit surged 77% to $30 billion. Net earnings rocketed 116%, reaching $21 billion in full 2021.

Rio Tinto Chief Executive Jakob Stausholm noted that the company paid "our highest total dividend ever of 1,040 US cents per share, including a 247 US cents per share special dividend, representing a 79% payout," adding that its portfolio is "well positioned," and that the firm is "targeting disciplined investment in commodities that will see strong demand in the coming decades."

Baha Breaking News (BBN) / MS