19
Aug
13:08
Lower shipments drag down FNI’s first-half net income
Despite a huge rebound in the second quarter, fewer shipments resulting from more rainy days and weak demand hit Global Ferronickel Holdings (FNI)’s earnings in the first half of 2022, according to its bourse filing.
The company encountered 128 rainy days in total in H1, compared with 105 rainy days during the same period in 2021. Coupled with weak demand from Chinese customers, FNI only managed to complete 19 shipments of nickel ore totalling 1.035 million …
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