FMG delivers $1bn half-year profit
Iron ore miner Fortescue Metals Group has booked a $1.1 billion net profit in its first full half-year of mining, though in line with previous periods its result has more to do with accounting adjustments than mining operations.
The profit for the six months ended December 31 followed a $1.06 billion loss in the previous corresponding period.
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BETA
Fortescue Metals Group (FMG)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 228th | Fortescue Metals Group | -22% | 8% |
| 229th | Woodside Petroleum | -22% | -5% |
| 266th | Iluka Resources | -29% | 17% |
| 383rd | Atlas Iron | -45% | 8% |
| 433rd | Mount Gibson Iron | -51% | -12% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Peter Meurs | 25,957,900 | ||
| Graeme Rowley | 18,145,000 | ||
| Herb Elliott | 2,167,940 | ||
| Neville Power | 757,389 | ||
| Stephen Pearce | 45,613 | ||
| Owen Hegarty | 40,000 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 1st |  | Woodside Petroleum | $7,186.0m |
| 2nd |  | Fortescue Metals Group | $6,575.2m |
| 3rd | | Iluka Resources | $1,160.3m |
| 4th | | Mount Gibson Iron | $689.5m |
| 5th | | Atlas Iron | $643.7m |
572 WA listed resource companies ranked by revenue
Remuneration from Fortescue Metals Group
| 2nd | Peter Meurs | $8.152m |
| 16th | Neville Power | $3.015m |
| 38th | Stephen Pearce | $1.659m |
Ranked by total remuneration from all listed WA companies
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