OPERATIONS

FMG profits fall on iron ore prices

FORTESCUE Metals Group posted a first half net profit after tax of US$2.8 (A$3.87) billion, down 32%, despite record iron ore shipments from its operations in Western Australia.

FMG profits fall on iron ore prices

Underlying earnings before interest, taxes, depreciation, and amortisation, fell 28% to US$4.76 billion, however, it was still largely in line with consensus estimates. Over the six months FMG shipped...

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