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Freeport-McMoRan’s profit rises 16%

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011
by in Business News

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose. Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as… Read More →

Freeport-McMoRan's profit rises 16%

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011
by in Business News

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose. Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as… Read More →