April 24, 2018 / 12:07 PM / a month ago

Freeport quarterly profit rises on higher copper prices

April 24 (Reuters) - Freeport-McMoRan Inc, the world’s biggest publicly listed copper miner, reported a rise in first-quarter earnings on Tuesday, helped by higher copper prices.

Phoenix, Arizona-based Freeport said its quarterly profit attributable to common stock was $692 million, or 47 cents per share, compared with $228 million, or 16 cents a share, a year earlier.

Revenue rose to $4.87 billion from $3.34 billion a year ago.

Reporting by Karan Nagarkatti in Bengaluru and Nicole Mordant in Vancouver; Editing by Amrutha Gayathri

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