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Published March 12, 2021, 12:56 PM   Publicly-listed mining firm Nickel Asia Corporation reported a dramatic 51 percent increase in income last year due to higher ore prices. In a regulatory filing, Nickel Asia informed the Philippine Stock Exchange (PSE) said it booked attributable net income (net of minority interests) of P4.07 billion in 2020, which is 51 percent higher compared to P2.68 billion in 2019. Its earnings before interest, tax, depreciation and amortization (EBITDA) also went up  42 percent to P9.34 billion from the P6.54 billion in the prior year. “Net income increased dramatically on the back of higher ore export prices,” Nickel Asia said. During the period, the company exported a total of 10.0 million wet metric tons (WMT) of nickel ore in 2020, down 4 percent from 10.4 million WMT in 2019. However, ore export prices increased 45 percent from $23.52 per WMT of ore sold in 2019 to $33.99 per WMT in 2020.

City ofUnited kingdomProvince of surigao del norteMartin antoniog zamoraNickel asia corporationNickel corporationLondon metal exchangeCoral bay nickel corporationPhilippine stock exchangeNickel asiaAsia presidentநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்நிக்கல் ஆசியா நிறுவனம்நிக்கல் நிறுவனம்லண்டன் உலோகம் பரிமாற்றம்