July 31, 2013 / 12:27 PM / 4 years ago

Sherritt International posts loss due to lower nickel prices

(Reuters) - Canadian miner Sherritt International Corp (S.TO) posted a loss in the second quarter, compared with a profit a year earlier, due to lower prices of nickel and cobalt and fall in sales volumes.

    The nickel miner posted a net loss of C$10.7 million ($10.4 million), or 4 Canadian cents per share, compared with a net profit of C$40.8 million, or 14 Canadian cents per share, a year earlier.

    Revenue fell 10 percent to C$338.5 million.

    Reporting by Bhaswati Mukhopadhyay in Bangalore

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below