FNI profit down 34.9% to P417.4M

By Eireene Jairee Gomez

Aug 17, 2022 12:27 am

GLOBAL Ferronickel Holdings Inc. (FNI) recorded a consolidated net income of P417.4 million in the first six months of 2022, a 34.9-percent decrease from P640.8 million in the same period last year.

In a disclosure to the Philippine Stock Exchange on Tuesday, nickel miner FNI said revenues in January-June period also fell by 15 percent to P2.21 billion from P2.61 billion year on year due to lower volume of ore shipped.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Megaworld to build P5-B CDO township

PLDT's Yang retires, eyes return to media

Parties amend Casec acquisition agreement

Globe sees increase in fiber prepaid clients

Delinquent firms given more time by regulator

Globe starts work on Tawi-Tawi cell site

Security Bank targeting boost in MSME lending