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    market news

    Eastplats Q3 Profit Falls on Labor Issues

    Investing News Network
    Nov. 14, 2011 04:13PM PST
    Precious Metals

    Reuters reported Eastern Platinum’s (TSX:ELR) quarterly profit fell as production was hit due to labor disruptions.

    Reuters reported Eastern Platinum’s (TSX:ELR) quarterly profit fell as production was hit due to labor disruptions.

    As quoted in the market news:

    For the July-September period, net income fell to $1.4 million, and broke even on a per share basis, compared with a net income of $4.0 million, or 1 cent a share, a year ago.

    Last month, Eastern Platinum had reported a 29 percent drop in its third-quarter production.

    Click here to read the full Reuters report.

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