Fortescue Metals H1 Profit Down 40%
Fortescue Metals Group (OTC: FSUGY) reported a 40% drop in its first-half profit.
Fortescue Metals' net profit for the period fell to US$478 million, from US$801 million, in the year-ago period. However, analysts were expecting a profit of US$402.5 million.
Fortescue Metals shares closed at $10.71 yesterday.
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