Mining company Fortescue Metals Group (ASX:FMG) has reported its net profit after tax (NPAT) decreased 44 per cent to USD$681 million for the half year to December 2017.
The company’s revenue was down 18 per cent to $3.7 billion.
Fortescue’s earnings (EBITDA) fell from $2.6 billion to $1.8 billion.
The company declared an interim dividend of 11 Australian cents fully franked.
The company says costs improvements and productivity initiatives have partially offset the lower revenue.
Shares in Fortescue (ASX:FMG) trading 3.73 per cent lower to $5.16