(Reuters) - Canadian miner Sherritt International Corp (S.TO) reported a first-quarter loss compared with a profit a year earlier, due to costs related to a charge on a Madagascar mine and the weakening of Canadian dollar against the U.S. dollar.
The company reported a net loss of C$48.2 million ($44 million), or 16 Canadian cents per share, in the quarter ended March 31, compared with a profit of C$23.1 million, or 8 Canadian cents per share, a year earlier.
The Toronto-based company’s revenue rose 13 percent to C$120.9 million.
($1 = 1.10 Canadian dollars)
Reporting By Shubhankar Chakravorty in Bangalore; Editing by Don Sebastian