Global Ferronickel earnings down 16% on lower shipments - BusinessWorld Online

GLOBAL Ferronickel Holdings, Inc. reported that its second-quarter net income declined by 16.2% to P615.58 million from P734.56 million in the previous year.

“The results are driven by the April to June mining operations of Platinum Group Metals Corp. in Surigao del Norte, with incremental contributions from PGMC International Limited , a wholly-owned subsidiary es-tablished to facilitate relations with Chinese customers for the trading of mineral products,” it added.

The firm also noted that nickel ore prices were also higher this year with an overall average realized nickel ore price at $39.21 per WMT, compared to last year’s period at $31.10 per WMT.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Global business travel won’t see full recovery until 2026: reportInflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an indu…
La source: EdgeDavao - 🏆 23. / 51 Lire la suite »

Apex Mining earnings surge to P917M - BusinessWorld OnlineAPEX Mining Co., Inc. reported on Monday that its second-quarter net income surged by 337.1% or more than quadrupled to P917.64 million from P209.94 million the year before. READ
La source: bworldph - 🏆 9. / 68 Lire la suite »