Having changed the work rosters from 8/4 (days) to 2/1 (weeks) which i highlighted a few weeks ago saving some $60m to FMG - if it hasnt already been mentioned Wages for workers are also being cut, this has already happened as of last week by almost 10%. The impact of these two major cost cutting measures probably wont have an impact till the next quarterly, but i guess we need to offset this by the fact average IO price received this quarter will also be lower.
quarterly report, page-121
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$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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