February 27, 2019 / 6:23 AM / 2 months ago

Rio Tinto's 2018 underlying earnings beat estimates

Feb 27 (Reuters) - Global miner Rio Tinto on Wednesday posted a 2 percent rise in underlying earnings for calendar 2018, coming in well ahead of market estimates on robust commodity prices.

Underlying earnings for the 12 months ended Dec. 31 rose to $8.81 billion, from $8.63 billion a year earlier. The figure was significantly higher than a consensus estimate of $8.47 billion compiled by Vuma Financial.

Rio declared a final dividend of $1.80 per share and special dividend of $2.43 per share.

Reporting by Nikhil Kurian Nainan in Bengaluru; editing by Richard Pullin

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