Rio beats FY earnings forecasts

Major miner reports underlying earnings ahead of estimates, swings to net profit, hikes dividend above expectations.

Rio Tinto (RIO) says it is making progress to transform its business after beating forecasts on underlying earnings and dividend.

Net profit was $US3.67 billion in the 2013 full year, compared with a net loss of $US3.03 billion in the 2012 full year, the miner said.

Underlying profit increased 10% to $US10.2 billion in the 2013 full year, compared with $US9.3 billion in 2012.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles