CAPITAL MARKETS

FMG profits more than double

FORTESCUE Metals Group recorded major improvements in profit, revenue, earnings and costs over fiscal 2014, citing completion of its operational ramp-up and an accelerated debt reduction program.

Justin Niessner
FMG profits more than double

Net profit was up 56% for the year at $A2.7 billion, while revenue gained 45% to $11.7 billion and earnings before interest, tax, depreciation and amortisation improved 58% to $5.6 billion. FMG chief...

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