Falling metal prices cut Philex earnings
November 18th, 2008
Filed under: Operator - Philex
MANILA, Philippines - Falling metal prices—brought about by a seen demand slowdown—cut earnings of the Philippines’ largest mining company for the third quarter this year.
Profits of Philex Mining Corp. fell 29 percent to P1.07 billion from the same period one year ago, the company said in a disclosure to the Philippine Stock Exchange (PSE).
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