Global Ferronickel swings to net loss in H1

GLOBAL Ferronickel Holdings, Inc. (FNI), the second largest nickel producer in the country and the largest single lateritic mine exporter in the world, swung to a net loss in the first half as bad weather affected production and loading operations.

FNI incurred a net loss of P281.9 million in the first half of the year compared to a net income of P153 million in the year-earlier period.