SYDNEY Da'Ron Payne Jersey , April 13 (Xinhua) -- Australian mining giant Fortescue Metals have reported a sizeable drop in their shipments on Thursday, as poor weather shut down ports and stalled mining operations.
However, it wasn't all bad news for the miner in the last quarter, as they were able to pay down a considerable chunk of their debt, 1 billion U.S. dollars, leaving them with a gross debt position of 4.3 billion U.S. dollars, as of March 31.
The company has a cash on hand balance of 1.5 billion U.S. dollars Matthew Ioannidis Salute to Service Jersey , and has so far managed to repay 2.7 billion U.S. dollars of debt in the 2017 financial year.
Nev Power, chief executive of Fortescue, said in a statement obtained by Xinhua that despite the setbacks in the quarter, the Australian miner was able to post solid financials, and tracked well in other indicators.
"Our team continued to deliver excellent results with improved safety performance and operating margins, compared to our first half results," Power said.
"We remain on track to deliver our guidance of between 165 and 170 million tonnes for the full year."
Power was adamant that his company would continue to focus on paying down their debt position D.J. Swearinger Salute to Service Jersey , while investing further capital into their core iron ore business, and maximising shareholder returns.
Fortescue tumbled in early trade this morning, and as of 1028 local time AEST, are down 6.78 percent to sit at 5.50 Australian dollars (4.14 U.S. dollars) per share.
LONDON, Sept. 29 (Xinhua) -- FTSE 100 Index, British benchmark stock market gauge, Monday decreased by 0.04 percent Adrian Peterson Salute to Service Jersey , or 2.79 points, to 6,646.60 points.
The European Commission said on Monday that the Economic Sentiment Indicator (ESI) decreased in September in both the euro area (by 0.7 points to 99.9) and the EU (by 1.0 point to 103.6).
The euro-area indicator fell below its long-term average of 100, which it had surpassed only in December 2013. The negative developments in the EU and the euro area indicator mainly reflect more cautious views of consumers and the retail trade sector.
Besides, the pending home sales index dropped 1 percent after a 3.2 percent increase in July, the National Association of Realtors said today in the U.S..
Petrofac's share price increased by 2.87 percent, topped the gainers of the blue chips. Compass Group Alex Smith Salute to Service Jersey , Admiral Group, Sports Direct International, BG Group increased by 2.39 percent, 2.23 percent, 2.18 percent and 1.60 percent respectively.
HSBC Holdings led the top losers of the blue chips with a share price drop of 2.34 percent, followed by Tesco (1.96 percent), Standard Chartered (1.62 percent) Matthew Ioannidis Kids Jersey , Anglo American (1.60 percent) and Marks & Spencer Group (1.49 percent).
The index has gained 1.60 percent so far this year when adjusted in U.S. dollar.
Overview of Diaphragm Valve Market: Size, Trends, Share and Growth Forecast till 2028
by Rushikesh Bane · August 27, 2018
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