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Higher output lifts BNC’s FY17 profit

Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year. The company also reported a 7% year-on-year increase in turnover to $45.1-million, compared with $42.3-million the year before.