Mincor makes a profit

DESPITE the lowest average nickel price in three years, Mincor Resources has delivered a first-half net profit after tax of $A350,000, up from its $2.14 million loss for the same period of 2010.

Mincor makes a profit Mincor makes a profit Mincor makes a profit Mincor makes a profit Mincor makes a profit

Revenue from sales for the period ending December 31, 2011 came in at $62.44 million, down from $80.4 million, reflecting a sharp fall in Mincor’s realised nickel price from $11.