Earnings reports: Fortescue Metals & BlueScope Steel
Fortescue Metals (FMG) has posted a solid full year result. The miner’s operating costs continued to improve, averaging US$15.43/wet metric tonne for FY16, a 43% reduction from the prior year BlueScope (BSL) more than doubled its full year net profit to $353.8 million, thanks to a combination of sales growth, cost reductions and its North Star acquisition. The market was impressed by its better outlook for the first half of 2017 For more Reporting Season coverage, please visit (VIEW LINK)
2 topics
2 stocks mentioned
most popular
Equities
The quirky trend to add to your recession ready portfolio
Sara Allen,
Livewire Markets
Education
Are you missing this tax loophole?
Sara Allen,
Livewire Markets
Equities
Signs of the bottom
Ally Selby,
Livewire Markets