14
Aug
08:21
Global Ferronickel posts net income growth on higher nickel sales
Philippine nickel producer Global Ferronickel has reported higher net income and revenue in the first half due to higher nickel sales, Kallanish notes.
The firm says in a statement that its total sold volume was 1.45 million wet metric tonnes (wmt) – 41% higher than in the first half of 2022.
Net income in January-June period this year rose by 49.8% to PHP 625.3m ($11.04m), while revenues increased 41.2% to PHP 3.1 billion.
Strong volumes and higher…
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Very good overview of the weekly steel market.
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