24
Aug
16:35
FMG profits leap on high prices, falling debt
Australian miner FMG saw revenues and profits surge while mining and financial costs fell in the financial year ended June 2020. The miner is meanwhile looking to expand its offering both in Australia and further afield, Kallanish notes.
FMG earned revenues of 12.82 billion, up 29% year-on-year, while net profit after tax jumped 49% to $4.735 billion, according to its annual results. Revenue was boosted by a 21% increase in the averaged realised price to $78.62/dr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous