High costs weigh on Global Ferronickel profit

By Ed Paolo Salting

Nov 10, 2023 12:21 am

In a disclosure on Thursday, the company said that cost of sales rose by 37.80 percent to P2.80 billion following the opening of a new mine in Palawan.

Operating expenses also inched up by 7 percent to P1.80 billion while finance costs reached P213.90 million.

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