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Fortescue Metals FY Net Profit $4.80 Billion, Down 23% On-Year

Por: MarketWatch Business August 28, 2023

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The world's fourth-largest iron-ore exporter said it made a net profit of US$4.80 billion in the 12 months through June, down from US$6.20 billion a year earlier. Underlying earnings before interest, taxes, depreciation and amortization, or Ebitda, fell by 11% to US$5.52 billion. Directors declared a final dividend of 1 Australian dollar (US$0.64) a share, down from A$1.21 in the year earlier. Fortescue reported a US$726 million noncash... + full article



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