FMG 1.26% $18.75 fortescue ltd

Iron Ore Price, page-4531

  1. 2,892 Posts.
    lightbulb Created with Sketch. 96
    Not just massive fall in net profit, consider this business has pumped billions into ramp up production and still 88% fall in profit.

    Spend BILLIONS into business and your profit still collapse. Those BILLIONS are funded by DEBT (+ high interest credit card loan) to grow business and profit still collapsing. 2015/2016 financial year will be a lot worse since iron ore dropped further.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.