FMG in record net cash position after revenue soars

FORTESCUE Metals Group has reported a record first quarter of iron ore shipments, lower costs and higher realised pricing.

FMG in record net cash position after revenue soars FMG in record net cash position after revenue soars FMG in record net cash position after revenue soars FMG in record net cash position after revenue soars FMG in record net cash position after revenue soars

Shipments reached 44.3 million tonnes, a record for a September quarter period and up 5% year-on-year.

Ore processed and railed also reached a September quarter record.