Fortescue reports record full year

Iron-ore major Fortescue Metals has reported record shipments, revenue, earnings and operating cashflow for the year ended June. Net profit after tax for the 12 months ended June increased by 49% on the previous period, to $4.7-billion, with underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) increasing by 38%, to $8.4-billion.