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Australian Business News - Aug 12
Edited by : AL CIRCLE
1 min read
News Corp yesterday announced plans for a massive share buyback over the next 12 months as it continues to struggle with undervalued stock.
Alumina has recorded a 254 per cent increase in underlying earnings to US$78 million, with margins growing by US$21 a tonne. However, the results were still lower than expected, causing shares in the aluminium producer to drop 6 per cent to A$1.79. Alumina chief executive John Bevan said he was still satisfied with the result amid wide volatilities in the market.
Alumina has recorded a 254 per cent increase in underlying earnings to US$78 million, with margins growing by US$21 a tonne. However, the results were still lower than expected, causing shares in the aluminium producer to drop 6 per cent to A$1.79. Alumina chief executive John Bevan said he was still satisfied with the result amid wide volatilities in the market.
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