Feb 22 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* Achieved further improvement in our c1 costs to us$13.06/wmt and shipped 86.1 million tonnes for half year, slightly ahead of targets
* FY17 guidance is maintained for iron ore shipments of 165-170 million tonnes with a c1 cost of us$12-13 per wet metric tonne
* "Will continue to repay debt"
* A$0.20 per share fully franked interim dividend represents a net profit payout ratio of 38 per cent Source text for Eikon: Further company coverage: FMG.AX