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DashboardDatabaseProReportsEventsConsultingMANILA, 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.
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