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Australia's most profitable company

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 Australia's most profitable company


Rio Tinto {corporation}



  Rio Tinto Group is the second-biggest mining and metals firm globally. It is a multinational enterprise with British and Australian roots. It was established in 1873 when a consortium of investors bought the Spanish government's mine complex on the Rio Tinto in Huelva, Spain. It has expanded as a result of numerous mergers and acquisitions. While its main concentration is mineral extraction, it also engages in considerable refining operations, especially with regard to bauxite and iron ore. Its dual head offices are located in Melbourne, Australia, and London, England.

Revenue:-

The most recent financial reports from Rio Tinto show that the company's total revenue (TTM) is $54.04 billion. The company's revenue in 2023 was $54.04 billion, which was less than its sales in 2022 ($55.55 billion).The total income a business receives from the selling of goods or services is known as revenue. In contrast, no expenses are deducted from earnings.

About the majority shareholder of rio tinto 

Aluminum corporation of china limited holds almost equities  182,550,329
and in terms of percentage it holds 14.57%




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