18
May
09:15
Nickel Asia Q1 net income down on forex losses
Philippines nickel ore producer Nickel Asia saw its net income fall in the first quarter due to foreign exchange losses, Kallanish notes.
The group’s net income for the quarter slipped 8% to PHP 970 million ($17.25m) from PHP1.05 billion a year ago.
Its mining revenues, however, rose by 5.7% to PHP 3.51 billion from PHP 3.32 billion a year earlier, driven by the combination of favourable exchange rates and better prices on ore export sales.
Operating min…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous