Thursday, February 1, 2007

Record 2006 profit for Rio

Anglo-Australian mining giant Rio Tinto on Thursday announced a 43% jump in in full-year net profit to a record $7.44bn and forecast continued strong demand for commodities.

The figure was slightly higher than market forecasts for $7.4bn and compared with the $5.22bn net profit notched-up in 2005.

Rio Tinto shares in mid-day trade in London were showing a 0.92% gain at 2 745 pence.

Read More at FIN24.co.za

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