AUSTRALIA STORIES

FMG gives back to invesors after big year

Fortescue Metals Group (AU:FMG) has upped its dividend in a surprise move following the strong profit posted in the 12 months to June 30.

Not stopping there: Fortescue's productivity plan includes greater automation at the Solomon Hub mines

Not stopping there: Fortescue's productivity plan includes greater automation at the Solomon Hub mines

Fortescue posted a net profit after tax of close to US$2.1 billion, up by 112% but in line with expectations. Revenue rose by 19% to $8.44 billion, based on an average realised price of $53 per dry metric...

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