Australia's Nickel Industries rises on higher profit from RKEF operations
30/10/2024 24:42
** Shares of Nickel Industries NIC.AX rise as much as 2.6%
to A$0.99, their highest since May 27
** Stock marks strongest trading session since Oct. 21
** Nickel producer posts quarterly EBITDA of $60 mln from
rotary kiln electric furnace (RKEF) operations, up from $41.8
mln in the previous quarter
** Says sales from RKEF operations declined to 31,266 tonnes
from 32,273 tonnes in June quarter
** Stock has risen 41.7% YTD
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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