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"Cost improvement measures and lower capital expenditure more than offset falling iron ore prices"

"Cost improvement measures and lower capital expenditure more than offset falling iron ore prices" "Cost improvement measures and lower capital expenditure more than offset falling iron ore prices" "Cost improvement measures and lower capital expenditure more than offset falling iron ore prices" "Cost improvement measures and lower capital expenditure more than offset falling iron ore prices" "Cost improvement measures and lower capital expenditure more than offset falling iron ore prices"

Nev Power was chuffed with FMG's ability to pull down costs and outperform expectations on full year financials

The US$985 million profit was a 212% improvement on last year’s figure. It came from EBITDA of US$3.2 billion and defied a 17% drop in revenue thanks to lower costs.

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