Fortescue Metals 1H Net Profit US$2.37 Billion, Down 15% On-Year

Fortescue Metals Group Ltd. on Wednesday reported a 15% fall in first-half profit and pared its interim dividend as iron-ore prices fell and production costs increased.

The world's fourth-largest iron-ore producer said it made a net profit of US$2.37 billion in the six months through December, down from US$2.78 billion in...