Rio Tinto reports $8.9 billion in net earnings in H1 2022, announces interim dividend of $4.3 billion

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The company also reported $8.9 billion in net earnings, 28% lower than 2021 first half, primarily due the movement in commodity prices, the impact of higher energy prices on the company’s operations and higher rates of inflation on its operating costs and closure liabilities. The company also posted $0.3 billion of net cash at 30 June 2022, which compared with net cash of $1.6 billion at the start of the year, reflected the free cash flow of $7.1 billion, offset by $7.6 billion of cash returns to shareholders and the $0.8 billion Rincon acquisition.

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