Fortescue Metals Group has reported a first-half earnings increase of 66 per cent, after strong demand for iron ore from China.
Andrew Forrest’s mining giant on Thursday reported a net profit after tax of $US4.1 billion, after sales rose by 44 per cent to $US9.3 billion.
Shareholders will receive a fully franked interim dividend of $1.47 per share, which is 93 per cent higher than the previous fully franked interim payout.
Shares were higher by 2.54 per cent to $25.05 at 1058 AEDT.
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