ATLAS Consolidated Mining Corp. reported a wider consolidated net loss of P939 million for the first nine months of the year, nearly double the P470-million net loss incurred in the same period last year, as profitability was pressured by the provision for copper price hedges.
“Without a P400 million mark-to-market loss provision for copper price hedges, the net loss would have been P539 million,” the company told the stock exchange on Tuesday.
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