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Mining company Rio Tinto reported a net profit growth of 56% to $13 billion 640 million in 2018, which was promoted by the sale of some assets. EBITDA at the end of the year was $18 billion 140 million, a decrease of 2% over the year. At the same time, the basic profit of $8 billion 810 million showed an annual growth of 2% and exceeded the experts' forecast. Consolidated revenue, adding $500 million, was at the level of 40 billion 520 million dollars, also being above forecasts. The Anglo-Australian company, following the results of the year, will pay dividends in the amount of 3 dollars and 7 cents per share. 72% of the base profit, amounting to 5 billion 300 million dollars, will be directed on it.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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