Fortescue Metals Group Limited
(ASX:FMG) has improved its production and lowered costs over the 2015 financial year.
The iron ore miner increased production by 10 per cent over the year to the end of June while costs fell 35 per cent.
CEO Nev Power says the results are excellent across all of its key performance measures including safety, production and costs.
Fortescue has also advised it has completed its capital expansion program and is not planning to invest in any extra production capacity.
Fortescue Metals Group reported a net profit of $403.56 million in the first half of the 2015 financial year.
