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Fortescue Metals H1 Profit Down 40%

Related FSUGY
Fortescue Full-Year Net Profit Surges 12%
Fortescue Full-Year Net Profit Surges 53%

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.

Posted-In: profitEarnings News


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