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.
