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Rio Tinto: Record Results Underline Strong Earnings and Performance Momentum.
- Article from:
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Business Wire
- Article date:
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August 26, 2008
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LONDON -- Rio Tinto (NYSE:RTP):
* Record underlying EBITDA* of $11,408 million, 73 per cent above first half 2007.
* Record underlying earnings* of $5,474 million, 55 per cent above first half 2007.
* Record net earnings* of $6,914 million, 113 per cent above first half 2007.
* Cash flow from operations up 54 per cent to a record of $8,860 million - a run rate of approximately $1.5 billion of cash flow per month.
* Half year production records achieved in iron ore, bauxite, alumina, aluminium, borates, titanium dioxide and thermal coal (on a like for like basis).
* Record capital expenditure of $3.7 billion, 91 per cent higher than first half 2007, ...