Rio Tinto reports 12% higher first-half profit on red hot iron ore

Credit: REUTERS/© Tim Wimborne / Reuters

Anglo-Australian miner Rio Tinto on Thursday reported a 12% jump in first-half profit and declared a bumper dividend, as red hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March.

Aug 1 (Reuters) - Anglo-Australian miner Rio Tinto RIO.AX on Thursday reported a 12% jump in first-half profit and declared a bumper dividend, as red hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March.

Underlying earnings for the six months ended June 30 rose to $4.93 billion from $4.42 billion a year earlier, the miner said.

Rio declared a 19% higher interim dividend of 151 cents per share. The world's no.2 miner of iron ore also announced a special dividend of $1.0 billion.

(Reporting by Aditya Soni in Bengaluru; Editing by Shounak Dasgupta)

((Aditya.Soni@thomsonreuters.com; +91 80 6749 1130; Reuters Messaging: Aditya.Soni.thomsonreuters.com@reuters.net))

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