Rio Tinto off 1.5% after below-par results; rejects London de-listing calls
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Rio Tinto's shares fell 1.5% after reporting its lowest full-year earnings in five years, with underlying earnings of $10.87 billion for 2024, down from $11.76 billion the previous year. The company also rejected calls to consolidate its dual-listed structure in Sydney.
February 20, 2025 | 8:45 am
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Rio Tinto's shares declined 1.5% following the release of its lowest full-year earnings in five years, with earnings slightly below analyst expectations. The company also dismissed calls to consolidate its dual-listed structure.
The decline in Rio Tinto's share price is attributed to its disappointing earnings report, which showed a decrease in earnings compared to the previous year and fell short of analyst forecasts. Additionally, the company's decision to reject calls for consolidating its dual-listed structure may have contributed to investor uncertainty.
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