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Fortescue with record net cash as revenue soars

Fortescue Metals Group has reported a record first quarter of iron ore shipments, lower costs and higher realised pricing.

Fortescue with record net cash as revenue soars Fortescue with record net cash as revenue soars Fortescue with record net cash as revenue soars Fortescue with record net cash as revenue soars Fortescue with record net cash as revenue soars

Shipments reached 44.3 million tonnes, a record for a September quarter period and up 5% year-on-year.

Ore processed and railed also reached a September quarter record.