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Cliffs Natural profit, revenue drops with iron ore prices
July 25, 2013 / 8:49 PM / 4 years ago

Cliffs Natural profit, revenue drops with iron ore prices

July 25 (Reuters) - Miner Cliffs Natural Resources Inc reported a fall in second quarter profit on Thursday as global iron ore prices slid and some costs rose, weighing on its margins.

Net income attributable to common shareholders dropped to $133.1 million, or 82 cents a share, from $258.0 million, or $1.81 a share, a year earlier.

The iron ore and metallurgical coal miner’s revenue fell to $1.49 billion from $1.58 billion.

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