Benguet Corp. earnings jump on high metal prices, better market - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Listed mining firm Benguet Corp. reported on Wednesday that its net income climbed more than three times to P1.4 billion in 2021 from the previous year’s P381 million due to strong metal prices and favorable market conditions. READ:

“The substantial growth was largely driven by higher demand for raw materials as global economies recover from the pandemic. Clearly, despite restrictive quarantine and strict adherence to minimum health protocols, the company remained focused on its production targets and business goals,” the company said in a disclosure.

Nickel operations under BenguetCorp Resources Management Corp. accounted for 72% of the revenue, followed by gold operations at 25% while lime operations and the healthcare business at 3%. Over the years, it invested in the development of the Balatoc tailings project and Surigao coal project. It continues to hold interest in the various projects, namely: Acupan gold, Ampucao gold-copper, Pantingan gold, Benguet oreline contract operation, and the Ilocos Norte and the Kalinga financial or technical assistance agreement prospects.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 9. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion - BusinessWorld OnlineAs a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos. At Monday’s high of $47,765, market leader bitcoin BTC=BTSP broke above the narrow $34,000-$44,000 range it’s traded in for most of 2022. Through a steady grind higher from […]
Herkunft: bworldph - 🏆 9. / 68 Weiterlesen »