Business
The billions of reasons these iron ore magnates aren’t fussed by the wobbly economy – Sydney Morning Herald
Wright Prospecting raked in hundreds of millions in iron ore royalties last financial year, reaping the benefits of pandemic
The company recorded $204 million in profit last financial year, up from $160 million in 2019, and paid out $199 million in dividends to its owners.
The company recorded increased revenues from royalties and its interest in the Hancock & Wright partnership largely due to higher average commodity prices despite decreased shipment volumes during the year, the report said.
The dividend windfall cements Ms Bennett as one of Australias richest women but her fortune pales in comparison to that o…
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