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Rio profits plunge 80%

RIO Tinto’s net profit for the 2015 first half took a massive but unsurprising 82% hit.

Noel Dyson
Rio Tinto’s net profit for the 2015 first half took a massive but unsurprising 82% hit.

Rio Tinto’s net profit for the 2015 first half took a massive but unsurprising 82% hit.

Profit slid to $US806 million ($A1.09 billion) from $4.4 billion in the 2014 first half. That was profit attributable to the owners of Rio Tinto. Basic earnings per share were also down 82% from US238.2c...

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