Rio Tinto’s Full Year Result 27 Feb 20: Rio Tinto (RIO) benefits from higher iron ore price; looks to reduce carbon emissions

Australia’s second largest miner, Rio Tinto (RIO) reported FY19 profit results slightly ahead of the market’s expectations. Revenue for the year rose 5.9% to US$45.4 billion underlying profit jumped 17.8% to US$10.4 billion. However net profit, which includes one-off charges, fell 41% to US$8.01 billion.

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