Wednesday, April 25, 2007

UPDATE 1-Freeport-McMoRan first-quarter profit soars

(Reuters) - Net earnings were $476.2 million, or $2.02 per share, compared with $251.7 million, or $1.23 per share, in the same quarter last year, the Phoenix-based mining company said.

Freeport, which operates the vast Grasberg mine in Indonesia, became the world's largest publicly traded copper company with its $25.9 billion acquisition of Phelps Dodge Corp., which was completed in March.


Read more at Reuters.com Market News

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