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Australia's Fortescue posts slump in 1st-half profit

Australia's Fortescue posts slump in first-half profit

Australia's Fortescue (FMG.AX), opens new tab reported a 53% drop in first-half profit on Thursday as iron ore prices remained weak. Iron ore prices moderated last year on weak demand from China's struggling property sector and high portside inventories,

Wall Street Journal · 3d

Fortescue’s First-Half Net Profit Halved

Fortescue FMG-6.22%decrease; red down pointing triangle, the world’s fourth-largest iron ore producer, on Thursday said its first-half net profit more than halved because of lower prices for the ...

AAP on MSN · 3d

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

The Australian Financial Review4d

Fortescue faces $1.8b native title compensation claim

Gift 5 articles to anyone you choose each month when you subscribe. Fortescue and the state of Western Australia have been hit with a $1.8 billion native title claim in an extraordinary escalation ...

Morningstar3d

Reducing Fortescue's FVE by 3% on Cost and Capital Expenditure Headwinds

Fortescue is the world's fourth-largest iron ore exporter. Margins are well below industry leaders BHP and Rio Tinto, and some way behind Vale, meaning Fortescue sits in the highest half of the ...

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Australia's Fortescue posts slump in 1st-half profit

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