November 22, 2017 2:22 PM ET

Metals and Mining

Company Overview of Nickel Asia Corporation

Company Overview

Nickel Asia Corporation engages in the mining and exploration of nickel saprolite and limonite ore, and limestone. The company operates four lateritic nickel mines, including Rio Tuba, Taganito, Cagdianao, and Hinatuan mines located in the Philippines. It also has five properties in various stages of exploration for nickel, as well as other properties for gold and copper. The company exports its saprolite and limonite ores to customers for use in the production of ferronickel and nickel pig iron that are used to produce stainless steel and carbon steel in Japan, China, and Australia. In addition, it is involved in the chartering out of landing craft transport, as well as the provision of mar...

NAC Tower

28th Floor

32nd Street

Bonifacio Global City

Taguig,  1634

Philippines

Founded in 1977

1,777 Employees

Phone:

63 2 892 6669

Fax:

63 2 892 5344

Key Executives for Nickel Asia Corporation

Nickel Asia Corporation does not have any Key Executives recorded.

Nickel Asia Corporation Key Developments

Nickel Asia Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

Nickel Asia Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the nine months, the company reported revenue of PHP 12,643,260,000 compared to PHP 10,599,162,000 a year ago. Income before income tax was PHP 5,155,048,000 compared to PHP 2,454,799,000 a year ago. Net income was PHP 3,593,182,000 compared to PHP 1,486,464,000 a year ago. Net income attributable to Equity holders of the parent was PHP 2,620,306,000 compared to PHP 979,629,000 a year ago. Basic and diluted earnings per share were PHP 0.34 compared to PHP 0.13 a year ago. Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to PHP 5.95 billion compared to PHP billion in the prior year. Return on equity was 0.11% compared to 0.05% a year ago. Return on assets was 0.08% compared to 0.03% a year ago. Net cash flows from operating activities were PHP 4,845,883,000 compared to PHP 3,081,671,000 a year ago. For the quarter, the company reported revenue of PHP 4,821,778,000 compared to PHP 5,082,180,000 a year ago. Income before income tax was PHP 2,023,266,000 compared to PHP 1,832,621,000 a year ago. Net income was PHP 1,395,649,000 compared to PHP 1,235,266,000 a year ago. Net income attributable to Equity holders of the parent was PHP 1,085,157,000 compared to PHP 955,208,000 a year ago. Basic and diluted earnings per share were PHP 0.14 compared to PHP 0.13 a year ago. Net cash flows from operating activities were PHP 4,845,883,000 compared to PHP 3,081,671,000 a year ago.

Nickel Asia Corporation Announces Executive Changes

Nickel Asia Corporation announced the Resignation of Takeshi Kubota as Director with effect from November 6, 2017. The company also appointed Toru Higo as Director and Aloysius C. Diaz as Vice President for Operations of the company with effect from November 6, 2017.

Nickel Asia Corporation Presents at 5th Asian Nickel Conference, Sep-27-2017 07:45 AM

Nickel Asia Corporation Presents at 5th Asian Nickel Conference, Sep-27-2017 07:45 AM. Venue: The Ritz-Carlton Jakarta, Mega Kuningan, Jakarta, Indonesia. Speakers: Koichi S. Ishihara, Vice President of Marketing & Procurement.

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