Rio Reports Weak FY
Rio Tinto plc. (RIO) has reported its financial results for full-year 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $5,826 million, down 59.1% year over year from $14,238 million reported in full-year 2010. The resultant net earnings dropped primarily due to an impairment charge of $8.9 billion related to [...]
Rio Tinto plc. (RIO) has reported its financial results for full-year 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $5,826 million, down 59.1% year over year from $14,238 million reported in full-year 2010. The resultant net earnings dropped primarily due to an impairment charge of $8.9 billion related to the Group’s aluminum businesses.
Earnings per ADR from continuing operations were approximately $3.02, down drastically from $7.27 recorded in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards