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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.

FMG gives back to invesors after big year FMG gives back to invesors after big year FMG gives back to invesors after big year FMG gives back to invesors after big year FMG gives back to invesors after big year

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.