Falconbridge earnings soar 81% as sales, realized prices increase

Oct 25, 2005 | 12:35 PM |

Falconbridge Ltd., Toronto, Tuesday reported third-quarter net income of $214 million, an 81.4-percent jump from the same period last year, on the back of higher realized prices for copper, nickel, zinc and aluminum. Sales were up 17.8 percent to $2 billion in the same comparison.

FALCONBRIDGE LTD.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$2,006,000$1,703,000Net income$214,000$118,000Per share0.560.389 months ended Sept. 30Net sales$6,074,000$5,030,000Net income$592,000$378,000Per share1.741.23In the first nine months of 2005, net income rose 56.6 percent to $592 million on a 20.8-percent increase in sales to $6.07 billion compared with the first three....

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