Fortescue posts near four-fold rise in profit on higher iron ore prices

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Adds UBS estimate, background. Feb 19 (Reuters) - Fortescue Metals Group Ltd FMG.AX reported a near four-fold rise in half-year profit on Wednesday, beating estimates, as it cashed in on higher iron ore prices after a tailings dam disaster in Brazil early last ...

from Google Alert - Business https://ift.tt/38DAite
Adds UBS estimate, background. Feb 19 (Reuters) - Fortescue Metals Group Ltd FMG.AX reported a near four-fold rise in half-year profit on Wednesday, beating estimates, as it cashed in on higher iron ore prices after a tailings dam disaster in Brazil early last ... https://ift.tt/eA8V8J

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