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Fortescue Metals Group Reports NPAT Down 40% to US$478m for the Half Year to 31 December 2012
20 Feb 2013 | 12:49:00 | Associate analysts | Increase | Decrease | 
Original announcement: HY2013 Results and Appendix 4D
Fortescue Metals Group reported NPAT down 40% to US$478.0m for the half-year ended 31 December 2012. Revenues from ordinary activities were US$3.3bn, down 2% from the same period last year. Diluted EPS was 15.35 US cents compared to 25.71 US cents last year. Net operating cash flow was US$479.0m compared to US$1.19bn last year. No dividend was declared. FY13 guidance of total shipped tonnes remains between 82wMt and 84wMt. Solomon's Firetail mine is now expected to achieve a 20Mtpa run rate during April 2013 after a severe rain event caused a minor delay in construction. This will increase the company's production capacity to 115Mtpa.
Fortescue Metals Group Half Year Results to 31 December 2012
| 6 Months to 31 December 2012 (US$'M) | 6 Months to 31 December 2011 (US$'M) | |
| Revenue | 3,301 | 3,357 |
| Pre-Tax Profit | 678 | 1,168 |
| Net Profit | 478 | 801 |
| Operating Cash Flow | 479 | 1,186 |
| Interim Dividend (AU cents) | nil | 4.0 |
| Diluted EPS (US cents) | 15.35 | 25.71 |
| NTA (US$) | 1.00 | 1.31 |
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