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Fortescue Metals Group Ltd ( (AU:FMG) ) has shared an announcement.
Fortescue Metals Group Ltd reported a net profit after tax of US$1.6 billion for the first half of FY25, driven by record iron ore shipments of 97.1 million tonnes. Despite a decrease in revenue due to lower hematite prices, the company maintained strong operational performance and declared a fully franked interim dividend. Fortescue continues to make significant strides in decarbonizing its operations through a partnership with Liebherr and remains committed to its green energy initiatives, adjusting project timelines to align with market conditions.
More about Fortescue Metals Group Ltd
Fortescue Metals Group Ltd is a prominent player in the mining industry, primarily involved in the production and shipment of iron ore. The company is focused on advancing its decarbonization efforts and expanding its green energy projects, with a keen eye on global market conditions and shareholder value.
YTD Price Performance: 6.14%
Average Trading Volume: 9,421
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $38.24B
See more data about FMG stock on TipRanks’ Stock Analysis page.
