News: FMG Fortescue Says HY Net Profit Attributable Down 15% To $2,368 Mln

Feb 15 (Reuters) - Fortescue Metals Group Ltd (FMG) :

• HY NET PROFIT ATTRIBUTABLE DECREASED 15% TO $2,368 MILLION
• DECLARES INTERIM DIVIDEND OF A$0.75 PER SECURITY
• HY REVENUE FROM ORDINARY ACTIVITIES DECREASED 4% TO US$7,835 MILLION
• INCREASE IN FFI EXPENDITURE TO US$283 MILLION IN H1 FY23 FROM US$174 MILLION IN H1 FY22
• RETAINS THE OPTION TO UNDERTAKE AN ON-MARKET SHARE BUYBACK
• INFLATIONARY PRESSURES IN LABOUR, MATERIALS AND ENERGY MARKETS REMAIN A RISK FOR REMAINDER OF FY23
• WHILE CHINA REMAINS FORTESCUE'S CORE FOCUS, CONTINUE TO EXPLORE SALES TO OTHER IMPORTANT GLOBAL MARKETS
• FFI EXPECTS TO INVEST US$80 MILLION OVER 10 YEARS IN RESEARCH PROJECTS WITH ENERGY’S NATIONAL RENEWABLE ENERGY LAB