August 25, 2019 / 11:19 PM / 24 days ago

Australia's Fortescue annual profit triples on soaring iron ore prices

Aug 26 (Reuters) - Fortescue Metals Group on Monday said its annual profit tripled and upped its dividend, helped by robust output and soaring iron ore prices amid a supply crunch.

The world’s fourth-largest iron ore miner reported a full-year underlying net profit after tax of $3.19 billion, slightly under a forecast of $3.21 billion from Credit Suisse. Last year it reported a profit of $1.08 billion.

Fortescue declared a final dividend of A$0.24 per share, double what it paid last year, bringing its total dividend to A$1.14. (Reporting by Nikhil Kurian Nainan and Rashmi Ashok in Bengaluru; Editing by Sonali Paul)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below