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AUSTRALIA'S ALUMINA REPORTS SIGNIFICANT DROP IN 2007 PROFIT.
Publication: AsiaPulse News Publication Date: 31-JAN-08 |
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COPYRIGHT 2008 Asia Pulse Pty Ltd
PERTH, Jan 31 Asia Pulse - Alumina Ltd (ASX:AWC) has posted a 14.6 per cent fall in annual earnings, and says rising energy prices and shipping costs are likely to result in higher operating costs this year.
The aluminium producer said its profit fell due to higher operating costs incurred by its 40 per cent owned Alcoa World Alumina and Chemicals (AWAC) business and the impact of a stronger Australian dollar.
Net profit for calendar 2007 was A$436.40 million (US$387.61 million), down from A$511.10 million the previous year.
Underlying net profit, which reflects the...
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