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Gaines signs off with strong Fortescue profit result

Australian iron ore major Fortescue Metals Group has reported a full-year net profit after tax of US$6.2 billion, with CEO Elizabeth Gaines exiting on a high note.

Gaines signs off with strong Fortescue profit result Gaines signs off with strong Fortescue profit result Gaines signs off with strong Fortescue profit result Gaines signs off with strong Fortescue profit result Gaines signs off with strong Fortescue profit result

Elizabeth Gaines and Andrew Forrest

The result was down 40% on FY21's record result but was in line with analysts' expectations.

Revenue was down 22% to $17.4 billion on record iron ore sales of 189 million tonnes.

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