Rio Tinto profits up

February 9 2012 at 09:20am

REUTERS

Diversified resources mining giant Rio Tinto on Thursday reported underlying earnings per share of 808.5 US cents for the year ended December, from 713.3 US cents over the same period in 2010.

Basic earnings per share from continuing operations however were down by 58% to 303.5 US cents from 731 US cents.

The group announced net earnings came in at $5.8 billion, and were 59% below those for 2010, as a result of an impairment charge of $8.9 billion related to the group's aluminium businesses.

A dividend of 145 US cents was declared, up 34% from 108 US cents a year ago. - I-Net Bridge

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