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.

FMG profits more than double FMG profits more than double FMG profits more than double FMG profits more than double 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.

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