Rio's Overall Profit in First-Half Down Nearly 65 percent

摘要

Rio-Tintos first half profit fell 64.7 percent, affected by falling prices for many of its key commodities Australian Associated Press reported. The worlds third-largest miner announced a net profit of 2.451 billion US dollars for the six months ended June 30, down from 6.95 billion US dollars in the corresponding period in 2008. Underlying earnings fell 54 percent to 2,565 billion US dollars. Jan du Plessis, Rio's chairman, said the company took "swift and decisive action" to respond to the global economic crisis and sharp falls in metals and minerals prices.