BUZZ-Australia's Nickel Industries hits 3-week low on Dec-qtr earnings drop

Reuters

01-30

BUZZ-Australia's Nickel Industries hits 3-week low on Dec-qtr earnings drop

** Shares of Nickel Industries NIC.AX fall 2.2% to A$0.7825, their lowest level since Jan. 9

** The nickel pig iron (NPI) producer reports EBITDA from operations of $72.4 mln in Dec qtr, down from $108.4 mln in the Sept. quarter

** EBITDA fell as the co recorded lower output by 6.9% compared to the previous quarter from its Indonesia-based projects

** Stock down 5.2% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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