Australia's Nickel Industries hits 3-week low on Dec-qtr earnings drop

Nickel Industries

30/01/2025 05:15

** Shares of Nickel Industries  NIC.AX  fall 2.2% to A$0.7825,
their lowest level since Jan. 9
    ** The nickel pig iron (NPI) producer reports EBITDA from
operations of $72.4 mln in Dec qtr, down from $108.4 mln in the
Sept. quarter
    ** EBITDA fell as the co recorded lower output by 6.9%
compared to the previous quarter from its Indonesia-based
projects 
    ** Stock down 5.2% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((mailto:Jasmeenaraislam.shaikh@thomsonreuters.com))