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Article: Indonesia: PT International Nickel Indonesia Tbk Reports Third Quarter 2009 Earnings Of US$75.9 Million.(Financial report)
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
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Byline: shiv03
PT International Nickel Indonesia Tbk ("PT Inco", or the "Company", IDX: INCO) announces unaudited 2009 third quarter results. PT Inco's gross profit margin in the third quarter of 2009 increased to 46.5 per cent from 19.0 per cent in the second quarter of 2009 mainly due to an increase in the average realized price of nickel in matte.
Sales revenue was US$249.8 million for the three months ended on September 30, 2009, an increase of 61.2 per cent compared to US$155.0 million in the second quarter of 2009. This is due to an increase in the average realized price for nickel in matte which averaged US$13,394 per metric ton during the third ...