Alumina slides to year net loss
On Tuesday,Australia’s Alumina Ltd (AWC.AX) reported a net loss for 2009, hit by a slump in aluminium demand, but reinstated its dividend saying its outlook had improved.
The press release is quoted as saying:
Alumina reported a net loss of A$26 million ($22 million) versus a net profit of A$168 million a year earlier. It said its underlying loss was A$2 million, compared with a profit of A$202 million in 2008. The company was forced to scrap its dividend a year ago to conserve cash as the industry suffered a severe downturn.
Click here to access the entire press release
Click here to access Alumina Limited Corporate Site
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Tue, Feb 9, 2010
Post by Mike Rodger, Aluminum Reporter