RIO rio tinto limited

News: RIO Canada's Turquoise Hill posts five-fold rise in quarterly profit

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    May 12 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO posted a more than five-fold rise in quarterly profit on Wednesday, as the Canadian miner was helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.

    Rio Tinto-controlled Turquoise Hill said income attributable to owners of the company was $236.7 million, or $1.18 per share, for the three months ended March 31, compared with $45.2 million, or 22 cents per share, a year earlier.

 
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