Bloomberg Inco Indonesia Reports Fourth-Quarter Loss as Sales Decline

Feb. 20 (Bloomberg) -- PT International Nickel Indonesia, the country’s largest producer of the metal, posted a fourth- quarter loss after prices tumbled.
PT Inco, as the Jakarta-based company is known, booked a loss of $9.8 million in the three months to Dec. 31 compared with profit of $200.5 million a year earlier, according to an e-mailed statement today. Sales declined to $180 million from
$458.5 million.

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--Editor: Jake Lloyd-Smith