Positive Performance
In 3Q19, INCO successfully posted positive performance by securing revenues of USD214 million (+4.5% YoY; +29.2% QoQ), followed by an increase in COGS to USD170 million (+4.9% YoY; +3.1% QoQ). It carried out efficiency as the operating expenses were at USD2 million (-66.7% YoY; -88.5% QoQ), with declining interest costs; thus, INCO generated the first net profits of USD26.3 million in 2019.
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