Inmet profit drops 17 pct on forex losses
TORONTO (Reuters) - Canada's Inmet Mining Corp IMN.TO reported a 17 percent fall in fourth quarter profit on Thursday as foreign exchange losses offset stronger revenue.
The base metal miner said earnings attributable to shareholders dropped to $38.8 million, or 56 cents a share, in the quarter ended December 31. That compared with $46.5 million, of 67 cents, in the year-ago period.
Revenue rose 11 percent to $259.9 million on higher copper and zinc sales.
(Reporting by Julie Gordon)
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