Rio Tinto posts drop in profits

RIO Tinto has posted a substantial drop in profits of more than $US4.4 billion ($A4.9 billion) compared to the same period last year.

Rio Tinto posts drop in profits Rio Tinto posts drop in profits Rio Tinto posts drop in profits Rio Tinto posts drop in profits Rio Tinto posts drop in profits

In 2012, the company’s first half profit was just under $6.1 billion. But the first half profit for the 2013 half year is almost $1.7 billion.

Despite the drop in profits, dividends rose 15%.

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