Xstrata Profit Jumps 27% on Price Gains; Koniambo Costs Rise

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.

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