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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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