trending Market Intelligence /marketintelligence/en/news-insights/trending/5vKL5bSSl6UF46g03dx7pg2 content esgSubNav
In This List

Inter-Rock Minerals Q2 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall


Inter-Rock Minerals Q2 profit falls YOY

Inter-Rock Minerals Inc. said its second-quarter normalized net income amounted to $9,380, a fall of 76.2% from $39,380 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.1% from 1.4% in the year-earlier period.

Total revenue rose year over year to $8.6 million from $2.9 million, and total operating expenses climbed year over year to $8.5 million from $2.8 million.

Reported net income declined 76.2% from the prior-year period to $15,000, or 0 cents per share, from $63,000, or 0 cents per share.