BUZZ-Nickel Industries falls as adjusted EBITDA from ops halves from a quarter earlier
Reuters11:14
BUZZ-Nickel Industries falls as adjusted EBITDA from ops halves from a quarter earlier** Shares of Australia's Nickel Industries NIC.AX fall as much as 3.1% to A$0.93 to post their biggest intraday pct drop since January 19; stock last down 1.3%
** Nickel producer posts quarterly adjusted EBITDA from operations of $37.3 million, sharply lower than the $86.6 million reported a quarter earlier
** Adjusted EBITDA at Hengjaya Mine turned negative in December quarter after delay in Rencana Kerja dan Anggaran Biaya extension resulted in downtime and $18m in mining contractor standby charges
** Stock has declined 12.9% this month
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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