August 1, 2019 / 6:23 AM / 22 days ago

Rio Tinto reports 12% higher first-half profit on red hot iron ore

Aug 1 (Reuters) - Anglo-Australian miner Rio Tinto on Thursday reported a 12% jump in first-half profit and declared a bumper dividend, as red hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March.

Underlying earnings for the six months ended June 30 rose to $4.93 billion from $4.42 billion a year earlier, the miner said.

Rio declared a 19% higher interim dividend of 151 cents per share. The world’s no.2 miner of iron ore also announced a special dividend of $1.0 billion. (Reporting by Aditya Soni in Bengaluru; Editing by Shounak Dasgupta)

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