Fortescue Metals: Result 2012

Fortescue's ambitions haven't been dented by the falling iron ore price.

Fears of a lower iron ore price were forgotten – for a while – as Fortescue Metals released an improved full year profit. Iron ore production rose 42% to 55m tonnes per annum, generating a net profit of US$1.5bn, up 53%. From earnings per share of US$0.50, up 52%, a fully franked dividend of US$0.04 was declared (ex date 5 Sep), taking full year dividends to US$0.08.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles