Iron Bridge takes the gloss off stellar FMG half

FORTESCUE Metals Group has reported the best half-year earnings results in its history, though the result was overshadowed by its issues at the Iron Bridge magnetite project.

Iron Bridge takes the gloss off stellar FMG half Iron Bridge takes the gloss off stellar FMG half Iron Bridge takes the gloss off stellar FMG half Iron Bridge takes the gloss off stellar FMG half Iron Bridge takes the gloss off stellar FMG half

FMG CEO Elizabeth Gaines speaking at the WA Mining Club

Underlying EBITDA jumped 57% to US$6.6 billion, while EBITDA margin rose to 71%.

Net profit after tax of $4.1 billion was up 66% and in line with guidance.