Rio Tinto maintains spending plan despite earnings drop
Aug 08, 2012 | 01:35 PM
SINGAPORE Rio Tinto Plc is holding the line on its 2012 capital expenditure forecast even as weak commodity prices weighed on the companys first-half financial results.
Rio Tintos net income for the six months ended June 30 totaled $5.89 billion, down 22.4 percent from $7.59 billion, on consolidated revenue from continuing operations that fell 12.8 percent to $25.34 billion from $29.06 billion. Underlying earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $10.08 billion, down 29.3 percent from $14.25 billion in the same comparison.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.