Iron ore price dents FMG profit

FORTESCUE Metals Group’s half-year profit has slumped by 81% to $US331 million ($A426.7 million) due to the near-halving of the iron ore price.

Iron ore price dents FMG profit Iron ore price dents FMG profit Iron ore price dents FMG profit Iron ore price dents FMG profit Iron ore price dents FMG profit

Revenue fell 17% to $4.8 billion and underlying earnings before interest, tax, depreciation and amortisation slumped 55% to $1.4 billion.

A 52% jump in shipments to 82.

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