The company, one of the world's top iron ore producers,
reported underlying earnings of $13.3 billion for 2022, compared
with a record $21.38 billion in 2021 and a Refinitiv estimate of
$13.81 billion.
It declared a full-year dividend of $4.92 per share, down
from 2021's record payout of $10.40 per share.
(Reporting by Harish Sridharan and Harshita Swaminathan in
Bengaluru; Editing by Subhranshu Sahu)
Feb 22 (Reuters) - Rio Tinto reported a 37.9%
drop in annual profit and more than halved its dividend payout
on Wednesday, as iron ore prices fell on slower demand,
particularly from top consumer China, while higher labour and
material costs also ate into earnings.
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