Xstrata profit jumps 86pc

first_imgTuesday 8 February 2011 3:07 am Tags: NULL Share whatsapp Xstrata profit jumps 86pc Miner Xstrata said its full-year profit jumped 86 per cent, slightly beating expectations, on stronger prices for most of its commodities.Attributable profit surged to $5.15bn (£3.19bn), from $2.77bn last year, beating the $5.05bn consensus of 18 analysts provided by the company.Xstrata, one of the most heavily traded companies in London, said it plans to pay a final dividend of 20 cents a share, reflecting a return to pre-crisis levels.The Anglo-Swiss miner said last week that its 2010 production of thermal coal had been affected by severe weather, but that it was still assessing the damage caused by flooding and cyclones this year in Queensland where it has coal, copper and zinc operations. whatsapp Show Comments ▼ John Dunne Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnautlast_img

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