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FMG results deliver Andrew Forrest close to $1.2 billion payday despite coronavirus pandemic – ABC News

A record year from Fortescue Metals Group delivers a payday of more than one billion dollars for Andrew Forrest as the miner boasts its best-ever figures despite the coronavirus pandemic.

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A bumper year from Fortescue Metals Group has provided a payday of more than a billion dollars for the company’s founder Andrew Forrest.
Key points:

  • Chinese iron ore demand has underpinned FMG’s record results
  • The company’s full-year shipments were 6 per cent higher than last year
  • Chief executive Elizabeth Gaines says the good times are likely to continue

Fortescue (FMG) has reported an after-tax profit of $US4.7 billion ($6.6 billion) and boasted record ship…

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