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v3.24.2

Group income statement - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2024 | Jun. 30, 2023
Consolidated operations |  |
Consolidated sales revenue | $ 26,802 | $ 26,667
Net operating costs (excluding items disclosed separately) | (18,096) | (17,535)
Net impairment reversals/(charges) | 41 | (1,175)
Exploration and evaluation expenditure (net of profit from disposal of interests in undeveloped projects) | (488) | (710)
Operating profit | 8,259 | 7,247
Share of profit after tax of equity accounted units | 422 | 431
Profit before finance items and taxation | 8,681 | 7,678
Finance items |  |
Net exchange gains on external net debt and intragroup balances | 43 | 103
(Losses)/gains on derivatives not qualifying for hedge accounting | (81) | 32
Finance income | 272 | 245
Finance costs | (381) | (536)
Amortisation of discount on provisions | (419) | (592)
Net finance income (expense) | (566) | (748)
Profit before taxation | 8,115 | 6,930
Taxation | (2,225) | (1,983)
Profit after tax for the period | 5,890 | 4,947
– attributable to owners of Rio Tinto (net earnings) | 5,808 | 5,117
– attributable to non-controlling interests | $ 82 | $ (170)
Basic earnings per share (in USD per share) | $ 3.579 | $ 3.157
Diluted earnings per share (in USD per share) | $ 3.558 | $ 3.139

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