LISTED mining firm Nickel Asia Corp. (NAC) swung to a profit in the first quarter of this year from a loss in the same period last year on the combined effects of shipments of higher-value saprolite ore from its Rio Tuba and Taganito mines this quarter, coupled with higher prices and a stronger US dollar.

Nickel Asia reported a net income of P377.5 million in the first quarter against a net loss of P300.8 million in the same period last year.

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