Fortescue Ltd

FMG: XASX (AUS)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
LOCK|.d>LOCK|?hLOCK|PnX?bH

Fortescue Earnings: Improved on Higher Prices and Volumes, Along With Reduced Unit Cash Costs

Fortescue's half-year NPAT of USD 1.9 billion—USD 0.62 per share—is up 23% on stronger iron ore prices and volumes, and lower unit cash costs. It declared an AUD 0.62 per share fully franked interim dividend, up 24% with higher earnings, but again a 65% payout, the midpoint of its 50%-80% target.

Sponsor Center