CAPITAL MARKETS

Rio's profit soars 113%

RIO Tinto has reported a record net earnings figure of $US6.9 billion ($A7.9 billion) for the first half of 2008, up 113% on the result for the previous corresponding period, and restated its rejection of BHP Billiton's $149 billion takeover bid.

MiningNews.Net
Rio's profit soars 113%

The mining heavyweight also posted a 55% increase in underlying earnings from $3.5 billion in the first half of 2007 to $5.5 billion in first half 2008 while underlying earnings before interest, tax, depreciation...

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