Turquoise Hill stocks rise despite narrower FY profit

The NYSE-listed stock of Rio Tinto subsidiary Turquoise Hill Resources rose sharply after market close on Monday, gaining nearly 6% to $3.24 a share, after the company reported a full-year profit for 2016 and a positive production outlook for this year. In 2016, Turquoise Hill recorded net income attributable to shareholders of $210.6-million, or $0.10 a share, compared with net income of $313.3-million, or $0.16 a share, in 2015.