FMG:ASX is among the best-performing stocks across our model portfolios, with the share price up 220% since being added back in mid-2019.
The 1HFY21 earnings result was in line with consensus. Revenue US$9.4bn, Net profit US$4.1bn. Dividend which has come in at A$1.47ps (80% payout).
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FY21 shipment guidance has been increased slightly to 178-182mt.
