Company Report | Renewable Energy and EV to Support FY22 Performance

Coal Average Selling Price Increase

INCO recorded revenue of USD564.5 million (+36.0% YoY) in 1H22, with an Average Realized Price of nickel in matte of USD20,899/ton in 1H22 (+54.6% YoY). Meanwhile, Cost of Revenue in 1H22 was USD213.9 million, up 8.2% in line with the increase in Coal Cost to 159.7% YoY for the period. NHKSI Research sees a transformation towards Renewable Energy and EV development, keeping nickel demand high in the long term.

Asset Growth

INCO recorded revenue of USD564.5 million (+36.0% YoY) in 1H22, with an Average Realized Price of nickel in matte of USD20,899/ton in 1H22 (+54.6% YoY).