Fortescue interim profit jumps, special dividend declared

Higher iron-ore prices over the six months to December has allowed major Fortescue Metals to report a 10% increase in revenue and a 21% increase in underlying earnings before interest, taxes, depreciation and amortisation (Ebitda). Fortescue on Wednesday reported that revenue for the six months to December was up to $3.5-billion, from $3.2-billion in the previous interim period, while underlying Ebitda was up from $1.3-billion to $1.6-billion,