CAPITAL MARKETS

Inco earnings down on weaker nickel price

ALTHOUGH significantly lower nickel prices and higher sales costs saw Inco's first quarter net earnings fall to US$85 million from US$101 million a year ago, the Canadian nickel giant said it was pleased with the result.

Greg Tubby

"Our first quarter 2001 financial performance clearly demonstrates that we are continuing to achieve satisfactory results in an uncertain economic environment," Inco chairman and chief executive Mike Sopko...

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