Nyrstar earnings in Q1 drop 5% vs year ago despite higher zinc prices

Nyrstar’s earnings before interest, taxes, depreciation, and amortization (Ebitda) for the first quarter of 2018 fell by €3 million ($3.6 billion) or 5.5% year on year to €54 million, the company said on Thursday May 3.

Despite benefitting from a 23% increase in zinc prices, after London Metal Exchange prices rallied to a high of $3,259 per tonne, and ramp-up of the Middle Tennessee Mines, Nyrstar noted that the profit was hit by a number of other market factors.

“[It] was offset by reductions in...

Published

Alice Mason

May 03, 2018

17:30 GMT

London