October 24, 2018 / 12:12 PM / 22 days ago

Freeport third-quarter profit nearly doubles

Oct 24 (Reuters) - Freeport-McMoRan Inc, the world’s biggest publicly listed copper miner, reported a quarterly profit on Wednesday that nearly doubled, boosted by higher copper production.

On an adjusted basis, the company’s net income rose to $514 million, or 35 cents per share, in the third quarter ended Sept 30, from $492 million, or 34 cents per share, a year earlier. [

Revenue increased to $4.91 billion from $4.31 billion. (Reporting by Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)

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