Eastplats Q3 Profit Falls on Labor Issues

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.