Rio Tinto report 2016 net profit of USD4.6 billion
Aluminum segment sales revenue falls 7% y/y
Rio Tinto has reported net profit of USD4.6 billion in the financial year ended 31 December 2016 compared to net loss of USD866 million a year earlier, the company said in a press release on 8 February. Consolidated sales revenue decreased 3% y/y to USD33.8 billion. Despite decline in sales revenue, Rio Tinto recorded 88% y/y jump in operating profit to USD6.8 billion.
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