18 AUGUST 2011economictimes.indiatimes.com
Global woes likely to take sheen off NALCO's earnings
Edited by : AL CIRCLE
1 min read
Buoyed by stronger LME (London Metal Exchange) aluminium prices and higher alumina sales, Nalco's earnings per share rose 33% over the previous year in the first quarter of FY12. Compared with its peers, the country's third largest aluminium producer has managed the increase in input costs well, maintaining operating profit margins at last year's levels vis-a-vis peers which have not fared too well. Moreover, having obtained the necessary environmental clearances for mining bauxite, a key aluminium making ingredient, prospects for increased profitability have improved.
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