Boliden profit up in Q1 on increased sales

May 03, 2012 | 06:19 AM |

Boliden’s net profit increased 13.3% in the first quarter of 2012 compared with the same period in 2011, thanks to higher sales and rises in base metals prices. The Swedish miner’s profit came to a total of 1.09 billion SKr ($161 million) for the three months ended March 31, compared with 961 million SKr in the first quarter of 2011. “Sales increased in comparison with the previous quarter due to higher prices for all metals. The metal premium for copper rose during the quarter,” the company said in its results release for the quarter. Operating profit was also up, at 1.5 billion SKr, compared with 1.4 billion SKr in the first quarter of 2011, and 1.1 billion SKr in the fourth quarter. Revenue increased to 10.32 billion SKr in the first three....





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