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Fortescue posts nearly 3% rise in full-year profit

Fortescue posts nearly 3% rise in full-year profit

Mining.com2026/08/19 22:54

 Australia’s Fortescue (ASX:FMG) reported a 2.8% rise in annual profit on Thursday, powered by higher iron ore shipments and higher realised prices for the commodity.

The world’s fourth-largest iron ore miner reported an underlying net profit attributable of $3.47 billion for the year ended June 30, compared with $3.37 billion a year ago.

That missed the Visible Alpha estimate of $3.52 billion.

(Reporting by Shivangi Lahiri and Nichiket Sunil in Bengaluru; Editing by Shinjini Ganguli)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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