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22
Feb
2017
Fortescue profits surge on higher iron-ore pricesBy:Creamer Media Senior Deputy Editor: Australasia IRON-ORE Iron-ore major Fortescue Metals has more than tripled its net profit for the half-year ending December 31, as revenue and underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) increased. Net profits increased by 283% from the $319-million reported at the end of December 2015, to $1.2-billion.
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