Atlas Mining Copper Unit 2011 Net Profit PHP2.54 Bln Vs PHP670 Mln

Industry News 01:22:58PM Feb 16, 2012 Source:SMM

MANILA, Feb 15, 2012 (Dow Jones) -- Atlas Consolidated Mining and Development Corp. (AT.PH) said Thursday net profit at its wholly owned unit Carmen Copper Corp. grew to PHP2.54 billion in 2011 compared with PHP670 million a year earlier.

Carmen Copper's gross revenue rose 41% to PHP12.498 billion from PHP8.851 billion, Atlas said in a statement to the stock exchange.

The strong performance of Carmen Copper, which operates the Toledo mine in central Philippines, was a result of higher world prices for copper and increased shipments of the metal.

 

Atlas Mining Copper Unit 2011 Net Profit PHP2.54 Bln Vs PHP670 Mln

Industry News 01:22:58PM Feb 16, 2012 Source:SMM

MANILA, Feb 15, 2012 (Dow Jones) -- Atlas Consolidated Mining and Development Corp. (AT.PH) said Thursday net profit at its wholly owned unit Carmen Copper Corp. grew to PHP2.54 billion in 2011 compared with PHP670 million a year earlier.

Carmen Copper's gross revenue rose 41% to PHP12.498 billion from PHP8.851 billion, Atlas said in a statement to the stock exchange.

The strong performance of Carmen Copper, which operates the Toledo mine in central Philippines, was a result of higher world prices for copper and increased shipments of the metal.