Aug 2 (Reuters) - Global miner Rio Tinto (RIO)
on Wednesday reported its first-half profit more than doubled from a year earlier following a rebound in iron ore prices and announced an additional $1 billion share buyback. Underlying earnings for the six months to June 30 rose to $3.94 billion from $1.56 billion a year earlier, missing Thomson Reuters I/B/E/S analysts' forecast of $4.19 billion.
Rio Tinto declared a half-year dividend of 110 cents a share, from 45 cents a share a year ago.
News: Rio Tinto H1 earnings more than double on higher commodity prices
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$116.92 |
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