09 JULY 2015www.thebull.com.au
Alumina Ltd benefits from Alcoa boost
Edited by : AL CIRCLE
1 min read
Australian company Alumina Ltd says it received $US71 million in income in the first half, while its joint venture partner Alcoa has announced a small quarterly earnings boost.
Alumina is a 40 per cent partner in the global aluminium giant's Australian interests and its chief executive Peter Wasow in May said its debt was low enough to pass on most earnings to shareholders.
Mr Wasow on Thursday said that while margins were strong in the latest quarter, the outlook for third quarter aluminium and alumina prices was weak.
Alumina is a 40 per cent partner in the global aluminium giant's Australian interests and its chief executive Peter Wasow in May said its debt was low enough to pass on most earnings to shareholders.
Mr Wasow on Thursday said that while margins were strong in the latest quarter, the outlook for third quarter aluminium and alumina prices was weak.
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