Rio Tinto announces $7.2 billion of returns to shareholders comprising $3.2 billion from operations and $4.0 billion from asset disposals

  • Monday, August 13, 2018
  • Source:ferro-alloys.com

  • Keywords:Rio Tinto, return, shareholders
[Fellow]Rio Tinto announces $7.2 billion of returns to shareholders comprising $3.2 billion from operations and $4.0 billion from asset disposals

[ferro-alloys.com]Rio Tinto chief executive J-S Jacques said "We have reported another strong set of results with underlying EBITDA of $9.2 billion and operating cash flow of $5.2 billion. In a favourable market environment, our Tier 1 assets and strong operational capability have achieved a 43 per cent EBITDA margin. Inflationary pressures are being experienced across the industry, but we have been able to offset these through our mine-to-market productivity programme.

"As a result, we continue to deliver superior shareholder returns with a record interim dividend of $2.2 billion and a $1.0 billion top-up to our existing share buy-back programme. In addition, in 2018 we have announced $5.0 billion of divestments. The board has today approved that these disposal proceeds, net of tax, will be returned to our shareholders, with the precise timing and form to be determined.

"We will continue to invest in Tier 1 growth, further strengthen our portfolio and maintain a strong balance sheet in order to deliver superior returns to shareholders in the short, medium and long term."

  • [Editor:王可]

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