FEB 28 (Reuters) - Canadian miner Quadra FNX Mining Ltd reported a 25 percent rise in fourth-quarter profit, helped by record high copper prices and an increase in production from the combined Quadra and FNX asset base.
Quadra acquired FNX in an all-stock deal worth C$1.6 billion last year.
The company’s net income was $57.9 million, or 30 cents a share, compared with $46.5 million, or 46 cents a share, a year ago. On an adjusted basis, it earned 55 cents per basic share.
Fourth-quarter revenue jumped 88 percent to $331.9 million.
The company had 190.4 million outstanding shares on Dec. 31, 2010. As of Feb. 25, 2011, it had 190.6 million outstanding shares. (Reporting by Bhaswati Mukhopadhyay in Bangalore)