Rio Tinto Posts Annual Profit

Rio Tinto PLC RIO posted a profit in the year through December 31. Rio Tinto swung to a net profit of $3.67 billion, versus a year-ago loss of $3.03 billion. Its earnings from iron ore jumped 6.6%. Rio Tinto also lifted its final dividend to $1.92 versus $1.67. Rio Tinto shares closed at $57.99 yesterday.