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Fortescue's profit up threefold, beats analysts' estimates
Published Mon, Aug 22, 2016 · 09:50 PM
Melbourne
FORTESCUE Metals Group Ltd, the world's fourth biggest iron ore exporter, reported that full-year profit rose more than threefold to beat analysts' estimates as costs fell and margins increased.
Net income was US$984 million in the year ended June 30, compared with US$316 million a year earlier, the best performer this year among Australia's 100 largest companies said in a statement…
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