Rio Tinto: Interim result 2012

As expected, lower commodity prices have hit profits for the half year. The aluminium result was a stinker.

Rio Tinto’s net profit for the half-year to 30 June fell 22% to US$5.8bn. Underlying profit, which excludes asset sales, fell 34% to US$5.2bn. From earnings per share of US$2.78, a fully franked interim dividend of US$0.725 was declared (ex date 15 Aug).

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