Australia's Fortescue posts nearly 3% rise in full-year profit
19/08/2026 23:41
Australia's Fortescue posts nearly 3% rise in full-year profit Aug 20 (Reuters) - Australia's Fortescue FMG.AX reported a 2.8% rise in annual profit on Thursday, powered by higher iron ore shipments and higher realised prices for the commodity.
The world's fourth-largest iron ore miner reported an underlying net profit attributable of $3.47 billion for the year ended June 30, compared with $3.37 billion a year ago.
That missed the Visible Alpha estimate of $3.52 billion.
(Reporting by Shivangi Lahiri and Nichiket Sunil in Bengaluru; Editing by Shinjini Ganguli)
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