Rio Tinto 2017 net profit up 90% y/y to USD8.8 billion
Aluminium segment sales up 16% y/y
Rio Tinto’s net profit jumped 89.8% year-over-year (y/y) to USD8.8 billion in the financial year ended 31 December 2018, the company said in a press release on 7 February. Consolidated sales revenue increased 18.5% y/y to USD40 billion. Higher sales also helped Rio Tinto to report operating profit of USD14.1 billion, more than double compared with USD6.8 billion in 2016.
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