Global mining company Rio Tinto's annual profit increased by 69 percent in 2017 to $8.62 billion from $5.10 billion a year earlier, the company said on Wednesday.
The company's net earnings also increased by 90 percent from $4.6 billion to $8.7 billion.
鈥淭he strength of our cash flow is a result of resilient prices during the year coupled with a robust operational performance and a focus on mine to market productivity," said Rio Tinto Chief Executive J-S Jacques.
"Our strong balance sheet, world-class assets and disciplined allocation of capital put us in the unique position of being able to invest in high-value growth through the cycle, and consistently deliver superior cash returns to shareholders," he added.
By Murat Temizer
Anadolu Agency
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