DMCI Mining H1 net income down 19%

DMCI Mining Corp. saw its net income decline by 19 percent to P254 million in the first six months of the year from P316 million in the same period in 2018 due to lower nickel prices.

In a disclosure on Tuesday, parent company DMCI Holdings Inc., said its mining unit posted revenues of P985 million “as its shipment of mostly lower grade nickel commanded lower average selling price.”