RIO 1HFY16 Earnings Result

Rio (RIO.ASX) RIO reported strong operating results, with underlying earnings of US$1.56bn. EBITDA of US$5.4b & 1HFY16 dividend declared of US$0.45.

FY17 outlook is for similar numbers and we expect RIO to trade in a range of $45 t0 $55.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks