FORTESCUE LTD APPENDIX 4D
For the half year ended 31 December 2016
This information should be read in conjunction with Fortescue's financial report for the half year ended 31 December 2016.
Name of entity Fortescue Metals Group Limited | ||
ABN 57 002 594 872 | ||
Results for announcement to the market | ||
US$ million | ||
Revenue from ordinary activities | increased 34% to | 4,492 |
Profit from ordinary activities after tax attributable to members | increased 283% to | 1,222 |
Net profit for the half year attributable to members | increased 283% to | 1,222 |
Amount | Franked amount | |
Dividends | per security | per security |
Interim dividend declared for the half year ended 31 December 2016 | A$0.20 | A$0.20 |
Interim dividend declared for the previous corresponding period | A$0.03 | A$0.03 |
Ex-dividend date of interim dividend 2 March 2017
Record date of interim dividend 3 March 2017
Payment date of interim dividend 6 April 2017
Dividend Reinvestment Plan
The Company operates a Dividend Reinvestment Plan (the Plan) which allows eligible shareholders to elect to invest dividends in ordinary shares which rank equally with the ordinary shares of the Company. The allocation of price for shares under the Plan will be calculated as the average of the daily volume weighted average market price of all
Fortescue shares traded on the Australian Securities Exchange during the period of ten trading days commencing on the second day after the record date of 3 March 2017, being 7 March 2017.
The last date for receipt of applications to participate in or to cease or vary participation in the Plan is by 5:00pm (WST) on 6 March 2017. The Directors have determined that no discount shall apply to the allocation price and the Plan will not be underwritten. Shares to be allocated under the Plan will be acquired on market and transferred to participants on
6 April 2017. A broker will be engaged to assist in this process.
A copy of the Plan Rules is available at
www.fmgl.com.au/Investors_and_Media
Net tangible asset backing
Net tangible asset backing per ordinary shares: US$2.99 (previous corresponding period: US$2.50).
Previous corresponding period
The previous corresponding period is the half year ended 31 December 2015.
Commentary on results for the period
A commentary on the results for the period is contained within the half year presentation and the financial report for the half year that accompany this announcement.
www.fmgl.com.au I @FortescueNews
Financial Report
For the half year ended 31 December 2016
ABN 57 002 594 872
Highlights
SAFETY
Total Recordable
3.2Operating cost
20%Injury Frequency Rate (TRIFR)
Productivity and efficiency continue to deliver sustainable cost reductions
US$1.7
billion debt repaid
during the half year
86.1
million tonnes shipped
Revenue
US$4.5
billion
for the half year
Cash
US $1.2
billion
at 31 December 2016
Operating cost
US$13.06/wmt
Underlying EBITDA
US$2.6 billion
for the half year
Net profit after tax
US$1.2
billion
for the half year
Fortescue Metals Group Ltd. published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 22:49:08 UTC.
Original documenthttp://fmgl.com.au/media/2956/fy17-half-year-financial-report-including-appendix-4d.pdf
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