Cyrrus (Cyrrus)
World markets  |  August 08, 2012 09:13:48

Three Rio Tinto mining in Q2 exceeded market estimates

Financial results announced today a global mining company Rio Tinto. The third world's largest miner in 2Q2012 showed a decline in net profit from 7.6 to 5.9 billion USD. This company has clearly exceeded the market consensus of 5.1 billion USD, even though the contribution of several extraordinary items. After adjustment for them reached Rio Tinto net profit of 5.2 billion, slightly above market forecasts. The company also announced that it pays a dividend 72.5 c / share, which is a third more than a year ago and retains its annual CAPEX guidance of EUR 16 billion. Overall, the results of the company as a solid, especially when considering the current difficult economic environment.
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