Australia's Nickel Industries rises on higher profit from RKEF operations

Nickel Industries

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;))