FNI profit jumps on higher nickel ore prices, shipments

LISTED miner Global Ferronickel Holdings, Inc. (FNI) posted a sharp increase in first-quarter (Q1) earnings, driven by higher nickel ore prices and increased shipment volumes from its Palawan operations. In a statement on Thursday, the company said attributable net income surged 169.6% to P478 million from P177.3 million a year earlier, while revenues rose 36.6% […]