Inco hit by nickel's fall, but sees rebound near
Oct 26, 2005 | 06:18 AM
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Inco Ltd.'s net income took a 56.3-percent hit in the third quarter compared with a year earlier as a result of lower nickel prices and reduced demand from its biggest customers-stainless steel mills.
INCO LTD.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$1,082,000$1,031,000Net income$62,000$142,000Per share0.300.699 months ended Sept. 30Net sales$3,397,000$3,117,000Net income$590,000$382,000Per share2.701.85Still, Inco's top executives said prices and demand will rebound once inventories are worked off and the market tightens.....
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