rio tinto records annual net profit of us462 billion
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Rio Tinto records annual net profit of US$4.62 billion

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Arab Today, arab today Rio Tinto records annual net profit of US$4.62 billion

Sydney
Sydney - Arab Today

Rio Tinto Wednesday reported an annual net profit of US$4.62 billion, a strong turnaround from last year's loss amid a commodity price recovery.

The world's second-largest miner posted a US$866 million net loss in the previous financial year as key metals prices plunged and Chinese demand slowed.

Underlying profit in the year to December 31, a measure the Anglo-Australian miner prefers, came in at US$5.10 billion, a 12 percent increase from the prior period.

 
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