04 AUGUST 2011proactiveinvestors.co.uk
Rio Tinto posts record interim earnings on higher prices
Edited by : AL CIRCLE
1 min read
Rio Tinto (LON:RIO) posted record first half earnings as the benefits of higher prices for its products more than offset the impact of adverse weather on its Australia alumina operations and lower group volume.
First half to June underlying earnings soared 35 per cent to US$7.8 billion, with net earnings ahead 30 per cent to US$7.6bn versus last time. First half cash flow from operations rose 31 per cent to US$12.9 billion, also a record.
First half to June underlying earnings soared 35 per cent to US$7.8 billion, with net earnings ahead 30 per cent to US$7.6bn versus last time. First half cash flow from operations rose 31 per cent to US$12.9 billion, also a record.
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