EARNINGS PREVIEW: Rio Tinto Net Profit Seen More Than Doubling
August 04 2010 - 10:47AM
Dow Jones News
Rio Tinto (RTP): 1H Earnings
Due: Aug 5 at 0615 GMT
DJ Survey of 6 Analysts
Average 1H Net Profit Attributable To Shareholders: $5.41Bln,
($2.45Bln in 1H 2009)
Average 1H Underlying Net Profit Attributable To Shareholders: $5.32Bln,
($2.57Bln in 1H 2009)
Average 1H Underlying Ebitda: $10.42Bln, up 71% ($6.09Bln in 1H 2009)
Average 1H Revenue: $24.71Bln, up 27% ($19.52Bln in 1H 2009)
Note: Rio's first half net profit is expected to more than
double, buoyed by strong performance in iron ore and the inclusion
of a $230M gain from the sale of two undeveloped coal assets.
Analysts will seek an update on how volatile pricing and concerns
about a Chinese slowdown will affect the company's shipments and
pricing in the future. Analysts will also seek an update on the
company's organic growth projects, the arbitration process with
Ivanhoe Mines Ltd (IVN.T) regarding its rights to increase its
stake in the company, and an update on expected costs to expand
Pilbara and develop Simandou iron ore project in Guinea.
(alex.macdonald@dowjones.com)
Contact us in London: +44-20-7842-9464
Markettalk.eu@dowjones.com
Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Nov 2023 to Nov 2024