FMG sees profits fall in December half

Result still the third-best in company's history

FMG CEO Elizabeth Gaines and chairman Andrew Forrest

FMG CEO Elizabeth Gaines and chairman Andrew Forrest

December half-year net profit after tax dropped 32% to US$2.77 billion, in line with consensus estimates. Underlying EBITDA fell 28% to $4.76 billion, while the EBITDA margin was down 18% to 59%. ...

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