Mining giant Rio Tinto half-year net profit falls 82%

GMT 07:07 2015 Thursday ,06 August

Arab Today, arab today Mining giant Rio Tinto half-year net profit falls 82%

Mining giant Rio Tinto
Sydney - Arab Today

Mining giant Rio Tinto Thursday reported a 82 percent drop in its first-half net profit as a supply glut and slowing Chinese demand sent iron ore prices plunging.

The Anglo-Australian firm said net profit was $806 million in the six months to June 30 from $4.4 billion in the same period last year.

Its underlying profit, the measure preferred by the company, was down 43 percent to $2.9 billion.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab