Low first quarter earnings.Mining giants, Inco Ltd. and Falconbridge Falconbridge can mean:
Falconbridge Ltd.'s first-quarter earnings fell to $4.6 million, or one cent a share, from $109.5 million for the same period last year. Revenue for the first quarter was $532.5 million, down from $666.6 million. The strike in Sudbury Sudbury, city, Canada Sudbury, city (1991 pop. 92,884), central Ont., Canada. It is the center of Canada's largest mining region, which produces much of the world's nickel and large quantities of copper, platinum, gold, silver, cobalt, and sulfur. decreased earnings by $54.6 million for the quarter, a spokesperson says. Inco Ltd. reported net earnings of $85 million, or 43 cents per common share, for the first quarter of 2001, compared with $101 million, or 52 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , for the first quarter of 2000. The drop in earnings are being attributed to weak global metal prices as a result of a slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in industrial production around the world. |
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