BULKS

FMG sees profits fall in December half

Fortescue Metals Group has posted a lower half-year profit, though it was still the third-best half-year result in the company’s history.

FMG CEO Elizabeth Gaines and chairman Andrew Forrest

FMG CEO Elizabeth Gaines and chairman Andrew Forrest

December half-year net profit after tax dropped 32% to US$2.77 billion, in line with consensus estimates. Underlying EBITDA fell 28% to $4.76 billion, while the EBITDA margin was down 18% to 59%. ...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.