Boliden Q1 Profit Surges

Swedish company

reported a rise in its profit for the first quarter. The company's quarterly net profit surged to 896 million ($106.8 million) Swedish kronor, versus a year-ago profit of SEK153 million. Its sales climbed to SEK10.41 billion from SEK8.55 billion, while operating income jumped to SEK1.21 billion from SEK265 million. "Consistent investments in mines and smelters producing zinc, copper and precious metals give Boliden a good position in today's challenging market conditions. The main beneficiaries of improved conditions at the moment are Boliden's smelters, and the mines have not achieved the same positive performance. In spite of a slight fall in production from the levels reported in the strong fourth quarter of 2014, we still posted healthy profits," says Boliden's President & CEO, Lennart Evrell.