Philex Mining H1 net down 6% on slump in metal prices

Philex Mining Corp. on Thursday said its net income dropped by 6 percent in the first half of the year as global metal prices continued to slump to five-year lows.

In a disclosure to the Philippine Stock Exchange, Philex Mining said its net income in the first six months fell 6 percent to P565 million from P600 million in the same period a year ago.