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Rio Tinto more than doubles H1 net profit to $4.4 bn

Anglo-Australian mining giant Rio Tinto said Thursday it more than doubled its first-half net profit to US$4.4 billion, as it continued a cost-cutting programme and wound back its net debt.



Anglo-Australian mining giant Rio Tinto said Thursday it more than doubled its first-half net profit to US$4.4 billion, as it continued a cost-cutting programme and wound back its net debt.

"During the first half we have increased underlying earnings by 21 percent to US$5.1 billion and enhanced operating cash flow by eight percent," Rio chief Sam Walsh said of the "outstanding" performance.

From Zee News

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