Noranda Income Fund sales, earnings fall in quarter

Nov 13, 2012 | 05:16 PM | Daniel Fitzgerald

Tags  Noranda Income Fund, Canadian Electrolytic Zinc, third-quarter earnings, CEZinc, Daniel Fitzgerald

NEW YORK — Noranda Income Fund, the majority owner of Canadian Electrolytic Zinc Ltd. (CEZinc), posted lower third-quarter financial results as it also announced a "reorganization" of its tax arrangements.

Net income fell 81.1 percent to Canadian $1.43 million ($1.426 million) from C$7.56 million in the same 2011 quarter, on sales that fell 20.1 percent to C$128.56 million ($128.25 million) from C$160.87 million.....

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