Higher zinc prices result in profits increase at Lisheen mine company

HIGHER market prices for zinc led the main Lisheen mine company in Co Tipperary to record almost a fourfold increase in pre-tax profits to $82.4 million (€60.2m) last year.

Higher zinc prices result in profits  increase at Lisheen mine company

Accounts just filed by Lisheen Milling Ltd, show that the company recorded the sharp rise in pretax profits after the firm increased turnover by 27% from $208m to $264.9m in the 12 months to the end of December last.

The company benefited from a $35m reversal in impairment last year that boosted profits.

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