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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.