21
Aug
12:30
FMG profits surge on costs and prices
Australia’s FMG has seen its profits surge on lower costs and higher prices, it says in its annual report released Monday. The company is likely to struggle to find new ways of cutting costs however, Kallanish notes.
FMG earned net profit of $2.09 billion in the financial year ending June 2017, more than double the $985 million it earned the previous year. A large part of the increase was due to a 19.26% increase in revenue to $8.45 billion on th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous