CAPITAL MARKETS

Noranda returns to profit

NORANDA has announced its return to profitability with fourth quarter net earnings of US$64 million and full-year income of US$34 million, following a loss of US$447 million in 2002.

Sarah Belfield Belfield

Noranda returns to profit

The Canadian base metals giant attributed the result to an improved operating base and stronger metal prices, along with cost-saving measures. Revenues totalled $1.3 billion during the December quarter,...

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