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Analysts all at sea on iron ore price

Fortescue Metals Group, the runaway Australian iron ore success story, has delivered on its promise of a bumper profit and generous dividend, but behind that good news is growing concern that the result might also be the high-water mark in the current iron ore price cycle.

Analysts all at sea on iron ore price Analysts all at sea on iron ore price Analysts all at sea on iron ore price Analysts all at sea on iron ore price Analysts all at sea on iron ore price

The numbers from Fortescue for its June 30 financial year are impressive. Net profit up 49% on the previous year to US$4.7 billion from revenue which rose by 29% to US$12.8 billion.