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    Fortescue 1H Net Profit Soars 41%, Boosts Dividend - Update | FinOracle

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Fortescue 1H Net Profit Soars 41%, Boosts Dividend – Update

Fortescue, the world's fourth-largest iron-ore producer, reported a 41% rise in net profit for the first half, attributing it to increased iron ore prices. The company also raised its midyear payout to shareholders. #Fortescue #ironore #profits

by Mark Eisenberg
Thu, Feb 22, 2024 9:13am
in Business
• 2 mins read
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Fortescue 1H Net Profit Soars 41%, Boosts Dividend - Update | FinOracle

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Fortescue Announces 41% Rise in First-Half Net Profit

Fortescue announced on Thursday that its first-half net profit has risen 41% and the company has increased its midyear payout to shareholders. This increase reflects the higher price Fortescue has been able to fetch for its iron ore.

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