Fortescue Posts 23% Rise in Half-Year Profit Fueled by Record Shipments
Fortescue reported a 23% increase in first-half profit as record iron ore shipments and higher realised prices supported results. The miner recorded 100.2 million metric tons of shipments in the six months to December 31 and sold ore at about $90.87 per dry metric ton, while declaring a higher final dividend of 62 Australian cents per share.