FMG 2.27% $18.51 fortescue ltd

Ann: FY21 Results, page-34

  1. 374 Posts.
    lightbulb Created with Sketch. 574
    "can anyone assist here, if they sold 181mt at 135 that equates to $24.4B revenue yet there revenue for sales is 20.8B, what am I missing?"

    Rough calculation NFW.
    181 wet
    less 8.5% to convert to dry
    =166
    less FOB say $12 x 156 non FMG ships
    =1872
    = about 20500
    Close enough without precise calculations.
    Muddy
 
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