Aug 29 (Reuters) - Australian miner Fortescue Metals Group Ltd (FMG.AX) said on Monday its annual profit fell 40% despite record shipments of iron ore, due to declining prices of the steelmaking material amid cooling demand from top consumer China.
The profits of Fortescue, the world's fourth-largest iron ore miner, were still the second largest in the company's history. The miner posted record earnings the previous year.
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
