
Xstrata, the world’s largest exporter of coal used for power, said its first half profit more than tripled on the back of a jump in metal prices from a year earlier.
The Zug, Switzerland-based company said that net income rose to $2.3 billion (approximately €1.7 billion) from $690 million a year earlier, beating analysts’ estimates. Sales rose by 43 per cent to $13.7 billion (approx. €10.3 billion).