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Rio Tinto (ASX: RIO) out-punched BHP Billiton (ASX: BHP) in the half-year-results contest. Rio Tinto reported $8.3 billion in “underlying profit.” Diggers and Drillers editor Al Robinson looks at BHP Billiton side-by-side with Rio Tinto and says, “Both had negative earnings growth at the bottom line (BHP Billiton -2.8%, Rio Tinto -1%). Both had positive earnings after strategically removing a few significant items (2.8%, 2%). Rio Tinto’s result was slightly above expectations, and BHP Billiton’s slightly below.”

February 14th, 2008 | Dan Denning | 0 comments | Continued