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....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here