Sherritt back in the black despite sales dip

Oct 31, 2013 | 01:18 PM | Rey Mashayekhi

Tags  Sherritt International, nickel, earnings report, Ambatovy, Rey Mashayekhi

NEW YORK — Sherritt International Corp. returned to profitability in the third quarter despite a drop in revenue compared with a year earlier.

Toronto-based Sherritt posted net income of Canadian $1.1 million ($1.05 million) for the three months ended Sept. 30 in contrast to a net loss of C$22.6 million in the same period last year on revenue that slid 16.2....

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