Greece’s Ferronickel Producer Larco Forecasts Increased Profit

Bloomberg reports Larco SA forecast higher sales and profit in 2011 amid greater international demand for the metal and higher prices.

The market news is quoted as saying,

Larco, which exports all of its production, posted a pretax profit of 6.4 million euros ($9.1 million) last year, compared with a pretax loss of 105.5 million euros in 2009, the Athens- based company said in an e-mailed statement today.

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