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Alumina win on pricing
Edited by : AL CIRCLE
1 min read
Alumina said yesterday that sales volumes under the new system were running at 20 per cent of total third-party sales, with the intention of getting to 100 per cent within five years. The initial success in the changeover was confirmed by Alumina on the release of its June-half profit report. Underlying profit rose by $US56 million ($A54 million) to $US78 million, with the 254 per cent improvement underpinned by higher commodity prices.
Alumina has increased its interim dividend on the higher result from US2¢ a share to US3¢ a share (fully franked and to be paid on September 7 after books close on August 22 - the date on which the applicable exchange rate for payment to Australian shareholders will be determined). Alumina did not specify the direct impact of new alumina pricing shift on its June-half profit.
Alumina has increased its interim dividend on the higher result from US2¢ a share to US3¢ a share (fully franked and to be paid on September 7 after books close on August 22 - the date on which the applicable exchange rate for payment to Australian shareholders will be determined). Alumina did not specify the direct impact of new alumina pricing shift on its June-half profit.
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