Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
21 FEBRUARY 2014 AL CIRCLE

Alumina Ltd swings back to profit

1MINS READ
Alumina Ltd has swung back to profits but warned that the market conditions for aluminium will remain challenging throughout this year.

Last year, Alumina made a net profit of $US500, 000, a much better turnaround compared to its $US55.6 million loss in 2012.

At the same time the joint venture of Chemicals (AWAC) and Alcoa World Alumina recorded a total revenue of $US5.885 billion, a bit higher than $US5.815 billion the last year.

AWAC is a joint venture between Alumina (40%owned) & Alcoa Inc (60 %owned).

Alumina did not pay the final dividend.

Peter Wasow , the chief executive officer of Alumina said the net profit of the group was a significant improvement last year.

"Despite challenging market conditions, Alumina’s overall financial position improved over the year and its balance sheet strengthened," he said.

"The AWAC joint venture delivered a sound operating performance due to strong cost control and ongoing net productivity gains and the strengthening US dollar, especially against the Australian dollar."

Alumina said the net debt of the company fell from $US529 million to $US135 million while the gearing reduced to 4.6% in the year.

In 2014till now, Alumina had received $US34 million as the capital repayments from AWAC.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.