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Portman flags increased 2004 profit

PORTMAN has recorded a full year net profit of $16.9 million and has flagged a significantly incr...

Michael Quinn

Portman recently won an 18.6% increase in iron ore prices for the year beginning April 1, and has around 88% of forecast US dollar revenues in 2004 hedged at a weighted average of 63.2%. "We delivered...

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