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17
Feb
2015
Iron-ore price slump hits Fortescue’s interim profitBy:Creamer Media Senior Deputy Editor: Australasia IRON-ORE Iron-ore major Fortescue Metals on Tuesday reported a significant slump in after-tax net profit for the half-year ended December on the back of decreased revenue caused by a fall in the iron-ore price.
Fortescue’s realised price for the half-year nearly halved to $66/t, compared with the $124/t reported in the 2013 six-month period.
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