Rio Tinto delivered their interim result after market in Australia today and shares have surged in the London market (chart)
Rio Tinto delivered their interim result after market in Australia today and shares have surged in the London market (chart). The cost cutting program taking place at RIO has been delivered well ahead of target with the underlying earnings result of $US5.1 billion, beating expectations. The underlying results in an increase of 21% on the prior period and appears to have caught the market by surprise. The chart attached from Commsec shows the reaction to the result in the UK.
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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