Earnings reports: Fortescue Metals & BlueScope Steel

CommSec

Online Stockbroker

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)


CommSec
Online Stockbroker
Online Stockbroker

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...

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