Business
FMG results deliver Andrew Forrest close to $1.2 billion payday despite coronavirus pandemic – ABC News
A record year from Fortescue Metals Group delivers a payday of more than one billion dollars for Andrew Forrest as the miner boasts its best-ever figures despite the coronavirus pandemic.
A bumper year from Fortescue Metals Group has provided a payday of more than a billion dollars for the company’s founder Andrew Forrest.
Key points:
- Chinese iron ore demand has underpinned FMG’s record results
- The company’s full-year shipments were 6 per cent higher than last year
- Chief executive Elizabeth Gaines says the good times are likely to continue
Fortescue (FMG) has reported an after-tax profit of $US4.7 billion ($6.6 billion) and boasted record ship…
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