Mining and exploration company Mount Gibson Iron (MGX) has reported a 2.9% fall in FY net profit to $157.3M

Mining and exploration company Mount Gibson Iron (MGX) has reported a 2.9% fall in FY net profit to $157.3M. Underlying net profit excluding the Mineral Resources Rent Tax credit came in at $92.9M, below expectations. Shareholders will receive a fully franked final dividend of 2 cents per share, unchanged from FY12's payment. It brings total FY13 dividend payments to 4 cents per share. For more information visit: (VIEW LINK)