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FSUMF - Fortescue racks up record profit sees strong China demand
Fortescue Metals Group Ltd.
Fortescue Metals (OTCQX:FSUMF-1%) has reported a record net profit after tax of $3.19B for the full year ended June, nearly triple the year-ago profit, and underlying EBITDA soared 90% to also hit a record $6B, thanks to the surge in iron ore prices.
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