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    market news

    Higher Costs Hurt Neo Material’s Profits

    Investing News Network
    May. 08, 2012 03:18PM PST
    Rare Earth Investing

    Reuters reported that Neo Material Technologies (TSX:NEM) reported a lower Q1 profit due to increased operating costs.

    Reuters reported that Neo Material Technologies (TSX:NEM) reported a lower Q1 profit due to increased operating costs.

    As quoted in the market news:

    The Toronto-based rare earth processor and producer said its profit in the quarter ended March 31, 2012 was $12 million, or 10 cents a share. That compared with a year-earlier profit of $32 million, or 26 cents a share, in the year-earlier period.

    Click here to read the full Reuters report.

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