Fortescue’s Half Year Result 19 Feb 20: Fortescue investors benefit from the recent surge in iron ore prices.

Iron ore miner Fortescue Metals Group (FMG) has reported a record net profit after tax (NPAT) of US$2.45 billion for first half (1H) of the 2020 financial year, marking an increase of 281% compared to the first half of the 2019 (1H19) financial year. The result was ahead of the average of analyst’s expectations which forecast NPAT of $2.3 billion.

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