Rio Tinto year underlying profit rises 1 pct
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More Business & Investing News... SYDNEY, Feb 13 (Reuters) - Global miner Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research) (RIO.L: Quote, Profile, Research) reported a 1 percent rise in underlying earnings for the full year, boosted by record production of major commodities, despite higher costs.
Underlying profit for the year was $7.44 billion versus $7.34 billion a year earlier. Net profit fell 2 percent to $7.312 billion.
Rio Tinto is the target of an unsolicited takeover offer by close rival BHP Billiton Ltd/Plc (BHP.AX: Quote, Profile, Research)(BLT.L: Quote, Profile, Research), which is offering 3.4 of its shares for each Rio Tinto share. (Reporting by James Regan)
Rio Tinto year underlying profit rises 1 pctWed Feb 13, 2008...
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