Search results for Green Eco Nickel
Industry
Ecopro Q2 operating profit 32.9 billion won, up 103 percent year on year
Ecopro Group said it stayed in the black on growth in its environmental business amid a semiconductor market boom and improved profitability in its lithium business. The company posted second-quarter consolidated revenue of 820.8 billion won and operating profit of 32.9 billion won, up 103 percent from a year earlier. Operating profit fell from the previous quarter. Heavy rain in Indonesia temporarily reduced utilisation at a nickel smelter, weighing on overall profitability.
Finance
Woori Investment Securities sole lead manager for Ecopro Indonesia unit 120 billion won fundraising
Woori Investment Securities acted as sole lead manager for a 120 billion won fundraising by Green Eco Nickel, Ecopro\'s Indonesian unit, it said on Wednesday. The brokerage said the deal was a large corporate finance transaction carried out on the back of stronger capital after a 1 trillion won capital increase early last month. Ecopro plans to use the funds to expand infrastructure at local refining facilities.
Industry
Ecopro posts Q1 operating profit of 60.2 billion won, up 4,280 percent
Ecopro said on Tuesday its first-quarter operating profit rose 4,280 percent from a year earlier to 60.2 billion won, while revenue increased 1.9 percent to 822.0 billion won. It cited the consolidation of Indonesia-based GEN smelter results, higher metal prices and a recovery in downstream battery and semiconductor industries. It also reported higher quarter-on-quarter sales and operating profit and a return to net profit.