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FMG beats profit estimates

Despite drop in half-year profit, Fortescue Metals Group's results beat forecasts

Kristie Batten
FMG beats profit estimates

Half-year revenue was down by 18% to $3.6 billion due to lower iron ore prices, while underlying earnings before interest, tax, depreciation and amortisation fell by 31% to $1.8 billion. Net profit after...

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