Fortescue (ASX:FMG) delivers record first half revenue

19Feb

Fortescue (ASX:FMG) delivers record first half revenue

 

Fortescue (ASX:FMG) has reported record first half revenue of US$6.5 billion for the first half of 2020.

Net profit after tax rose by 281 per cent to US$2.5 billion.

Earnings increased from $1.6 billion to $4.2 billion.

The company had record shipments of 88.6 million tonnes.

Fortescue CEO Elizabeth Gainses says the company continues to generate strong margins, driven by its industry leading cost position and product strategy, resulting in a 281 per cent increase in net profit after tax to US$2.5 billion.

Shares in Fortescue (ASX:FMG) are trading 1.81 per cent higher at $11.26
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

15Oct

Newcrest (ASX:NCM) board gives first stage of Cadia the green light

15 Oct 2019 - Newcrest Mining (ASX:NCM) has announced the board has approved the first stage of an expansion project at its Cadia gold mine in NSW.

Read More
10Sep

AMP successful completion of Share Purchase Plan

10 Sep 2019 - AMP (ASX:AMP) has successfully completed its Share Purchase Plan completing the launch of its capital raising comprised of a fully underwritten $650 million institutional placement and non-underwritten SPP.

Read More
23Feb

Freedom Foods Group (ASX:FNP) served second class action

23 Feb 2021 - Dairy and snack producer Freedom Foods Group (ASX:FNP) has today been served a second class action in the Victorian Supreme Court.

Read More
04Oct

Australian Whisky Holdings (ASX:AWY) appointments

04 Oct 2019 - Australian Whisky Holdings (ASX:AWY) has appointed Geoff Bainbridge and David Dearie to executive director roles effective immediately.

Read More
17Sep

Macmahon Holdings (ASX:MAH) is the preferred contractor for Warrawoona Gold Project

17 Sep 2020 - Macmahon Holdings (ASX:MAH) has been selected by Calidus Resources (ASX:CAI) as the preferred mining contractor for the Warrawoona gold project in Western Australia.

Read More
14Feb

Baby Bunting (ASX:BBN) increase dividend

14 Feb 2020 - Baby Bunting (ASX:BBN) has reported first half pro-forma sales of $186.4 million, with comparable sales up 1 per cent and total sales 8.1 per cent higher on the previous first half.

Read More
18Feb

Coca-Cola Amatil’s (ASX:CCL) NPAT down 51.9% for full year

18 Feb 2021 - Coca-Cola Amatil (ASX:CCL) reports their statutory NPAT is down 51.9% to $179.9 million while their trading revenue is down 6.1% compared to the prior year.

Read More
08Apr

Zip Co (ASX:Z1P) see $45 million revenue for the quarter

08 Apr 2020 - Fintech company Zip Co (ASX:Z1P) reports for the quarter ended 31 March 2020 (Q3 FY20) that they delivered a strong set of quarterly numbers against a backdrop of economic uncertainty generating $45 million in revenue over the quarter.

Read More
08May

Dicker Data (ASX:DDR) completes $50M placement

08 May 2020 - Infotech product distributor, Dicker Data (ASX:DDR) has successfully completed its $50 million institutional placement.

Read More
03Oct

Webster signs binding agreement

03 Oct 2019 - Leading agricultural firm Webster (ASX:WBA) has signed a binding agreement to be acquired by Canadian pension fund giant PSP Investments.

Read More