Noranda Income Fund’s net sinks in qtr.

May 16, 2014 | 10:18 AM | Saranya Kapur

Tags  Noranda Income Fund, zinc, Canadian Electrolytic Zinc, zinc processing facility, earnings report, Eva Carissimi, Glencore Canada, Saranya Kapur

NEW YORK — Noranda Income Fund’s earnings plunged in the first quarter due in part to lower zinc metal sales and byproduct revenue and higher costs.

The Salaberry-de-Valleyfield, Quebec-based company, which owns the zinc processing facility operated by Canadian Electrolytic Zinc Ltd. (CEZinc), posted net income of Canadian $2.06 million ($1.89 million) for the three months ended March 31, down 89.9 percent from the same period last year ....

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