Rio Tinto PLC  

Rio Tinto PLC (LSE: RIO) is an FTSE 100 index-listed mining and metals company. The Company's business is finding mining and processing mineral resources. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals, and Other Operations. 

FY23 Results (Released on 21 February 2024)

• Financial Update: The company reported the Consolidated Sales Revenue of USD 54,041 mn in FY23 as compared to USD 55,554 mn in FY22, whereas the Profit After Tax Attributable at USD 10,058 mn in FY23 versus USD 12,392 mn in FY22.
• Underlying EBITDA: The Underlying EBITDA in FY23 stood at USD 23,892 mn as compared to the Underlying EBITDA of USD 26,272 mn in FY22. The higher sales contributed incremental EBITDA of USD 0.7 bn whereas the weaker currencies further increased the overall EBITDA by 0.6%, which was completely offset by the decline in profit and increased overall expenses.  
• Dividend: The management announced the full-year dividend of USD 435 cents per share which will be paid on 18 April 2024.
• Outlook: The management expects the Bauxite production to be between 53 Mt and 56 Mt, Refined copper production to be between 230 kt and 260 kt, whereas the Aluminiu production to be in the range from 2 Mt to 3.4 Mt in FY24. Also, the share capital investment in 2024 and 2025 is expected to USD 10 bn per year which includes  growth of USD 3 bn per year.

Share Price Chart

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Rio Tinto PLC (LSE: RIO) was trading at the closing market price of GBX 5,170.00  (as of 22 February 2024)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 22 February 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.