The net income of listed mining company Nickel Asia Corp. (NAC) reached P1.7 billion in the first semester of 2023, a decline of 55 percent from P3.8 billion in the same period a year prior as lower metal prices slashed revenues. NAC, in a disclosure on Thursday, reported that revenues declined by 8 percent to P10.9 billion from P11.8 billion year-on-year. The firm's attributable net income for the period would have been 33-percent lower at P1.8 billion from P2.7 billion if the equity interest in the Coral Bay and Taganito high-pressure acid leach (HPAL) projects were excluded.

https://business.inquirer.net/413875/weak-china-demand-hits-nickel-asias-profits

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