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AUSTRALIA'S ALUMINA LTD POSTS SLIGHTLY LOWER YR NET PROFIT.
MELBOURNE, Feb 1 Asia Pulse - Alumina Ltd says the outlook for alumina prices and production is favourable for 2006.
The bauxite miner and aluminium smelter today posted an annual net profit of A$315.6 million (US$238.97 million), slightly lower than the A$316.4 million (US$239.58 million) it made in 2004.
Alumina chief executive John Marlay said aluminium prices, which recently breached 18 year-highs, looked set to remain strong.
"The outlook is for continued strong demand and favourable market fundamentals in 2006 for alumina and aluminium," he said.
"Alumina Limited is well placed to participate in this growth and profit from these market conditions."
The company achieved an average realised alumina price in 2005 of US$239 per tonne, up 15 per cent on the previous year, and as aluminium prices rose 14 per cent to 89 US cents per pound.
The company announced a final dividend of ten cents, in line with 2004, with the full year dividend payment also on a par with the previous year at 20 cents.
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...Asia Pulse - Mining firm Alumina Ltd (ASX:AWC) says its net profit for the first half of 2005...station overhaul reduced Alumina's net profit for the first half by A...US$6.8 million). "Alumina Ltd advises that, after...
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MELBOURNE, Aug 4 Asia Pulse - Alumina Ltd (ASX:AWC) expects its full year...first half result of $166.7 million. Alumina chief executive John Marlay said the company...Mr Marlay was not willing to comment on Alumina's expected production rates for the...
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...per cent rise in net profit from continuing...the first half. Alumina, which split...increase over Alumina's $A108.2...26 million) net profit in the first half...67 million) net profit for Alumina in the 2003 year...
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...aluminium group Alcoa Inc. Alumina, which has a 40 per...stake in the Alcoa World Alumina and Chemicals (AWAC...Alcoa, today reported a net profit of $A174.5 million...25 per cent fall in net profit from continuing operations...aluminium price and lower alumina prices. ...
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...expect further growth in western world alumina demand to continue in 2003. Demand for smelter grade alumina in China also continues to grow substantially...demand," Mr Morley said. Last month Alumina reported a net profit of $A174.5 million ($US104...