Rio posts fulls year loss but increases 2012 full year dividend by 15%

DividendMax Ltd.

Rio posts fulls year loss but increases 2012 full year dividend by 15%

2012 financial results

 

2012 underlying financial results reflect record iron ore production and shipments and a second half recovery in copper volumes. This was in the context of lower average market prices in 2012 which reduced underlying earnings by $5.3 billion compared with 2011:

- Underlying earnings1 of $9.3 billion.
- Net loss of $3.0 billion after impairments of $14.4 billion, primarily relating to aluminium businesses as well as coal assets in Mozambique.
- 15 per cent increase in full year dividend to 167 cents per share.

Companies mentioned