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Rio CFO: Eyes Non-Core Aluminum Asset Sales; Higher Ebitda Margin
Edited by : AL CIRCLE
1 min read
Rio Tinto PLC (RIO) has identified assets within its aluminum business that could be sold off and is targeting a margin on earnings before interest, taxes, depreciation and amortization of 40% within its aluminum business, the company's chief financial officer said Tuesday.
At the company's investor day conference, Guy Elliott told analysts that "through divestment of non-core assets ...plus targeted investment [in its aluminum business] we are confident that we will achieve 40% Ebitda margin."
At the company's investor day conference, Guy Elliott told analysts that "through divestment of non-core assets ...plus targeted investment [in its aluminum business] we are confident that we will achieve 40% Ebitda margin."
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