01:01 PM EST - Inmet Mining : says its net profits in the second quarter were cut in half as the company was squeezed by falling revenues and lower zinc sales. Inmet said Tuesday it earned $67.7 million or $1.40 a share for the three months ended June 30. That compared with earnings of $138.1 million or $2.86 a share for the same 2007 period. Gross sales fell 12 percent to $281.5 million from $320 million. Inmet said net profits in the quarter were hurt by lower zinc prices, which cut sales by $53 million. Inmet Mining
shares T.IMN are trading up 15 cents at $62.15.
