Fortescue posted an underlying net profit of $10.35 billion, up from $4.75 billion a year ago, and not far off a forecast compiled by Vuma of $10.41 billion
Fortescue Metals dipped as much as 3.5% after reporting an increase in cost of production, partly attributed to the strengthening dollar and seasonally lower volumes.
Unlike its peers, Fortescue does not disclose estimates of customer emissions, arguing that would be double counting under the United Nations framework, which mandates nations take responsibility for emissions within their borders.
Financials ticked down 0.2% even after the country's banking regulator said banks would no longer have to hold a portion of their profit back starting next year, raising prospects for higher dividends.