Fortescue Ltd Directors Buy Shares After Profit Jump and Dividend Hike
Fortescue Ltd directors bought about A$114,664 in shares on Feb. 26, a day after reporting a 23% rise in half-year net profit to US$1.914 billion and raising its interim dividend. Lead independent director Larry Marshall purchased 4,930 shares for A$102,687.20. The moves come as China widens restrictions on some BHP cargoes and Fortescue pursues projects in Peru and Gabon not expected to produce until the next decade.