Wednesday, May 2, 2007

UPDATE 1-Sherritt first-quarter profit pops on nickel price

(Reuters) - Sherritt, which has power, oil, and nickel investments in Canada and Cuba, earned C$89.1 million , or 52 Canadian cents a share, up from a profit of C$35.7 million, or 20 Canadian cents, in the year-prior period.

Adjusted to exclude higher stock-based compensation costs and shipment delays from the CN rail strike, earnings per share in the most recent quarter would have been 61 Canadian cents.


Read more at Reuters.com Market News

No comments: