Australia's third biggest iron ore miner, Fortescue Metals (FMG) reported a 260% surge in half year profit to US$1,723m

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Australia's third biggest iron ore miner, Fortescue Metals (FMG) reported a 260% surge in half year profit to US$1,723m. The result was driven by higher iron ore production, a focus on cutting costs and a steady rise in the iron ore price from June 2013. A better than expected A$0.10 per share interim dividend was declared, payable to eligible investors on 2nd April. Watch full report here:

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CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
Expertise
No areas of expertise