FMG net profit of $1.2 billion in the first half of the fiscal 2017

FMG released its six-monthly results, the after-tax net profit of $1.2 billion, based on interest, tax, depreciation and amortisation of $2.6 billion on February 22, 2017,. Group still maintain its fiscal 2017 goal, that of iron ore shipments of 1.65 170 million tons, cash cost $12-13 / wet metric tons.