Nickel Asia net drops due to lower ore prices

NICKEL Asia Corp. on Thursday reported an attributable net income (net of minority interest) of P1.7 billion in the first half, down 55 percent from P3.8 billion a year ago, based on unaudited results.

Excluding equity interest in the Coral Bay and Taganito high-pressure acid leach (HPAL) projects, the firm said that the resulting attributable net income of P1.8 billion was 33 percent lower year on year.