CAPITAL MARKETS

Record result buoys FMG

FORTESCUE Metals Group has shaken off a volatile year to post a record net profit of $US1.7 billion ($A1.9 billion) and declare a final full franked dividend of A10c per share.

Kristie Batten

Record result buoys FMG

Net profit was 12% higher than the 2012 financial year. Iron ore shipments jumped 41% to 80.9 million tonnes but iron ore price volatility saw the average realised price drop to $US114 per tonne from...

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