0721 GMT - Rio Tinto Ltd. is one of the most mentioned companies in the news over the past four hours, according to Factiva data, after it reported a 41% decline in net profit for 2022. The world's second-biggest miner by market value on Wednesday posted full-year net profit of $12.42 billion that was around $1 billion lower than an estimate compiled by Visible Alpha. It cited lower prices for iron ore and copper as well as higher costs to run its mines due to inflation as contributors to its lower bottom line. It declared a final dividend of $2.25 a share, bringing its total dividend for the year to $4.92. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)

(END) Dow Jones Newswires

February 22, 2023 02:36 ET (07:36 GMT)

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