Buoyant metal prices boost Global Ferronickel earnings

Buoyant metal prices boost Global Ferronickel earnings

MANILA, Philippines — Nickel ore producer Global Ferronickel Holdings Inc. posted a net income of P177.3 million in the first quarter of this year, soaring by 1,568.2 percent, as the significant improvement in metal prices bolstered its earnings. In a disclosure on Thursday, Global Ferronickel said its revenues had surged by 105.6 percent to P1.2

FNI's profit jumps over 15x in Q1 driven by shipments, nickel prices

Early shipment ore shipment and higher nickel prices led to a 1,568 surge in the attributable net income of Global Ferronickel Holdings, Inc. to ₱177.3 million in the first quarter of 2025 from just ₱10.6 million a year ago.**carousel[11899,11898]**The firm reported to the Philippine Stock Exchange that its revenues more than double to ₱1.21 billion from the ₱589.9 million registered in the first quarter last year.First quarter mining revenues f…