By Reuters
Share this articleComments
(Reuters) - Freeport McMoRan Inc <FCX.N>, the world's second-largest copper miner, said on Thursday its fourth-quarter profit fell 86 percent due in part to a drop in prices for the red metal.
The company posted net income of $140 million, or 9 cents per share, compared to $1.04 billion, or 70 cents per share.
Copper production fell 17 percent to 841 million pounds.
(Reporting by Ernest Scheyder)
Share this articleComments