Fortescue, the world's fourth-largest iron ore producer, reported a 41% rise in its first-half net profit to $3.34 billion due to increased iron ore prices.
Fortescue, the world's fourth-largest iron ore producer, reported a 41% rise in its first-half net profit to $3.34 billion, reflecting an increase in the price it fetched for its iron ore. The company's Sydney-based shares rose as much as 1.7% after the results were announced, and the dividend was raised to shareholders. Fortescue's revenue from its steelmaking material during the first half increased by 24% to $8.71 billion.
February 21, 2024
20 Articles