Lepanto Q1 net loss widens on project delays, firm peso
April 25th, 2008
Filed under: Mineral - Copper, Mineral - Gold, Operator - Lepanto, Region CAR - Benguet
From: business.inquirer.net
Thomson Financial
MANILA, Philippines — Lepanto Consolidated Mining Co. on Thursday said its first-quarter net loss widened to P100 million ($2.4 million) from P56.6 million in the same period last year due to project delays and a stronger peso.
The company said the firmer local currency, which trimmed export earnings, offset gains from higher prices of metals in the world market.
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