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RIO smashes earnings expectations

RIO's productivity translates into bottom-line success.

RIO
Source: Bloomberg

Key findings

- Iron ore still delivering despite soft pricing
- Productive drive delivering in droves
- Capex and net debt well ahead of the curve

"World Class” is the line CEO Sam Walsh is using to describe the results and the proof is plain to see. Record shipments from the Pilbara iron ore project, coupled with increased production from its copper operations in Utah and Mongolia have delivered the company an underlying net profit of US$5.1 billion and group sales at US$25.6 billion.

For an exclusive break-down of the results, read Evan Lucas' Equity Matrix on RIO.

RIO

Revenue

Earnings per share

Expected

US$24.5 billion
US$2.41

Actual

US$25.6 billion
US$2.67

 

See our Australian earnings season break-down to keep up-to-date with key markets and potential near-term trading opportunities.

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