Rio Tinto Posts Drop In H1 Profit

Rio Tinto PLC (NYSE: RIO ) reported a drop in its first-half profit. Rio Tinto's net profit for the six months to June 30 declined 71% to US$1.72 billion. Its underlying earnings declined 18% to US$4.23 billion. Rio Tinto shares gained 1.07% to $46.37 in pre-market trading. (c) 2013 Benzinga.com. Benzinga