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BRIEF-Fortescue Metals Group Says Co Sees FY19 Shipments Of 165-173 MT

Published 20/08/2018, 09:27 am
© Reuters.  BRIEF-Fortescue Metals Group Says Co Sees FY19 Shipments Of 165-173 MT
FMG
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Aug 20 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* IN FY19, SEES 165-173MT IN SHIPMENTS

* IN FY19, SEES US$12-13.00/WMT C1 COST

* FY18 C1 COST US$12.36 PER WET METRIC TONNE

* IN FY19, SEES TOTAL CAPITAL EXPENDITURE OF US$1.2 BILLION

* IN FY19, SEES DEPRECIATION AND AMORTISATION OF US$7.10/WMT

* IN FY19, SEES DIVIDEND PAY-OUT RATIO MAINTAINED AT 50 TO 80 PER CENT OF NET PROFIT AFTER TAX OF FULL YEAR EARNINGS

* A 60% IRON CONTENT PRODUCT, NAMED WEST PILBARA FINES, WILL BE PRODUCED IN SECOND HALF OF FY19

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