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 | ContinuedAll Posts Tagged With: "bhp"
Reader Mail: What’s going on with BHP & RIO?
Australian investors are trying to sort out what’s going on between BHP and RIO. Time to look at some reader mail. “In reading all the articles about the BHP bid for Rio Tinto, I keep wondering why no one cites Kloppers’ disastrous strategy?…
February 11th, 2008 | Dan Denning | 2 comments | Continued