(Drops comparison with analysts' forecast in headline, and first and second paragraphs)
Aug 20 (Reuters) - Australia's Fortescue Metals FMG.AX said on Monday its annual profit fell 58 percent on declining prices and demand for its iron ore from China.
The world's fourth-largest iron ore miner reported a full-year net profit of $879 million, down from $2.09 billion a year ago.
Fortescue declared a final dividend of A$0.12 per share, down from A$0.25 a share a year ago.