Business
Fortescue’s perfect year worth $1.96b to Forrest – The Australian Financial Review
Iron ore miner Fortescue has reported a record profit and paid founder Andrew Forrest billions in dividends.
Fortescue Metals group founder Andrew Forrest will receive $1.11 billion in final dividends, after the iron ore miner paid out a bigger than expected dividend on the back of its biggest ever profit.
Strong iron ore prices and strong production drove Fortescue’s net profit 49 per cent higher to $US4.73 billion
Analyst consensus measured by VUMA had pointed to a $US4.76 billion net profit after tax.
The same group of analysts had forecast a final dividend of 91¢ per share, but Fortescue smashed…
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