Global Ferronickel Reports 97% Decline in Profits in 2016-Shanghai Metals Market

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Global Ferronickel Reports 97% Decline in Profits in 2016

Industry News 04:24:23PM Apr 19, 2017 Source:SMM

SHANGHAI, Apr. 19 (SMM) - Global Ferronickel reported its net income tumbled 97 percent to P37.5 million in 2016, down from P1.11 billion in 2015, it said in a regulatory filing. 

Jiangsu Delong Nickel Puts Online NPI Project in Indonesia

The company attributed the drop to lower volumes and a slump in nickel ore selling prices.

The company's gross revenues plunged 51% to P1.46 billion last year, down from P3.02 billion in 2015. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Global Ferronickel Reports 97% Decline in Profits in 2016

Industry News 04:24:23PM Apr 19, 2017 Source:SMM

SHANGHAI, Apr. 19 (SMM) - Global Ferronickel reported its net income tumbled 97 percent to P37.5 million in 2016, down from P1.11 billion in 2015, it said in a regulatory filing. 

Jiangsu Delong Nickel Puts Online NPI Project in Indonesia

The company attributed the drop to lower volumes and a slump in nickel ore selling prices.

The company's gross revenues plunged 51% to P1.46 billion last year, down from P3.02 billion in 2015. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.