Xstrata Profit Jumps 27% on Price Gains; Koniambo Costs Rise
Aug. 02, 2011 09:43AM PST
Industrial MetalsBloomberg reported that Xstrata’s (LON:XTA) first half profit was up on higher prices for coal and copper.
Bloomberg reported that Xstrata’s (LON:XTA) first half profit was up on higher prices for coal and copper.
The market news is quoted as saying:
Net income rose to $2.92 billion, from $2.29 billion a year earlier, the Zug, Switzerland-based company said today in a statement. Xstrata posted a 23 percent gain in sales to $16.8 billion and proposed an interim dividend of 13 cents a share.