You are here

Fortescue's profit up threefold, beats analysts' estimates

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes