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Iron ore miner Fortescue posts record annual profit

Aug 30 (Reuters) - Fortescue Metals Group Ltd reported a record annual profit and a bumper dividend on Monday after the Australia-based iron ore miner posted record shipments to take advantage of soaring prices of the steelmaking ingredient.

The world’s fourth-largest iron ore miner posted an underlying after-tax net profit of $10.35 billion, up from $4.75 billion a year ago, slightly under a forecast compiled by Vuma of $10.41 billion. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Peter Cooney)

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