Fortescue profit jumps 76% on higher prices

Started by Topix, Aug 22, 2011, 09:02 AM

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Topix

Aug 22, 2011, 09:02 AM
Fortescue Metals Group, the iron-ore miner controlled by billionaire Andrew ''Twiggy'' Forrest, reported a leap in full-year net profit of $US1.022 billion on higher iron ore prices, broadly inline with analysts' expectations.

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