Norsk Hydro shares gain 14% M-o-M: Aluminium demand, Q2 results draw investor focus
Leading recycled aluminium producer Norsk Hydro stock is attracting investor attention as its second-quarter (Q2) performance, aluminium prices and market outlook shape sentiment around the company. Hydro reported strong Q2 2026 profitability , backed by higher aluminium prices, product premiums...
Chuangxin Industries H1’26: Profit jumps 166%, driven by aluminium prices, green power
Chuangxin Industries Holdings Limited recorded a robust financial performance in the first half (H1) of 2026, with revenue rising 32.4 per cent year-on-year to RMB 11.53 billion (USD 1.71 billion) and net profit jumping 166.1 per cent to RMB 2.32 billion (USD 344.19 million). The Chinese aluminium...
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Century Aluminum Reschedules its Third Quarter Earnings Announcement Due to Hurricane Sandy
Century Aluminum Company announced today that in light of the anticipated severe weather associated with Hurricane Sandy and the unexpected close of the financial markets early this week, the company has rescheduled its third quarter 2012 earnings announcement to Thursday, November 1, 2012. The...
Chalco posts fourth straight quarterly loss
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, posted its fourth straight quarterly net loss in the third quarter, hurt by low aluminium prices and rising costs. Slower economic growth in China, the world's largest producer and consumer of the lightweight metal, and...
China Zhongwang Net Profit Surges By 108.4%
China Zhongwang Holdings Limited, the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China, announced the unaudited results for the nine months ended 30 September 2012 (the "review period"). The Group achieved...
NALCO 2nd quarter profit after tax expected to grow by 40 percent
State-run National Aluminium Company's ( NALCO ) profit after tax is expected to grow by 40 percent year-on-year to Rs 195 core in the second quarter of FY13. Net sales are seen going up by 7.7 percent to Rs 1,705 crore from Rs 1,583.7 crore during the same period. Earnings before interest, tax,...
Nalco stops drawing expensive grid power from Odisha
National Aluminium Company Ltd (Nalco) has ceased to draw costlier power from the Odisha grid. It will now rely on captive power. According to Nalco sources, the management took this decision to reduce the cost of power purchased, since it affected profitability in the second quarter ended...
Sterlite Industries (India) shows bullish trends
Angel Broking is bullish on Sterlite Industries (India) and has recommended accumulate rating on the stock with a target of Rs 110 in its October 26, 2012 research report. “Sterlite Industries’s, for 2QFY2013, net sales increased 8.8% yoy to Rs11,029cr. The growth in net sales was driven by...
NALCO hits 52-week low post poor results
National Aluminium Company (NALCO) has come out with its Q2FY13 results. The comapny's net profit was down at Rs 4.8 crore versus Rs 139 crore, YoY. Its net sales were up at Rs 1586 crore versus Rs 1584 crore, YoY. The profit was lower due to hike in price of input materials. At 09:28 hrs National...
Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83...
Sterlite Industries Q2 net up by 75pct at INR 1743 crore
BS reported that foreign exchange gains and group firm Vedanta Aluminium Limited’s lower losses have helped Sterlite Industries Limited post a net profit of INR 1,743 crore in the quarter ended September 30 up 75% from INR 998 crore reported in the corresponding period last year. The boost in net...
Kaiser Aluminum Q3 Profit Rises
Kaiser Aluminum Corp reported third-quarter net income of $29.2 million or $1.51 earnings per share compared to $4.1 million, or $0.21 per share for the third quarter 2011. Excluding the impact of non-run-rate items, adjusted net income was $20 million or $1.02 per share for the third quarter 2012,...
Noranda Aluminum posts $3.8M 3Q earnings
Noranda Aluminum Holding Corp.'s earnings dropped sharply in the third quarter over the previous year, though the company beat analyst expectations. The company (NYSE: NOR) reported earnings of $3.8 million on revenue of $336 million for the quarter ended Sept. 30. Those numbers were far higher, at...
Hydro Slumps on Concern Price Slide to Damp Earnings: Oslo Mover
Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83 kroner as of 3:26 p.m....
Kaiser Aluminum Announces Quarterly Dividend Payment
Kaiser Aluminum Corporation (KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.25 per share on the Company's outstanding common stock. The dividend will be payable on November 15, 2012 to shareholders of record as of the close of business on...
Alcoa Inc. 3rd Q earnings surpass analyst forecasts
Aluminium maker Alcoa Inc. kicked off the U.S. third quarter earnings season on Tuesday with earnings and revenues that were above analysts’ expectations. The company also said that aluminium demand would double from the current levels going to 2020. "We see the aluminium market as fundamentally...
Noranda Aluminum to Announce Third Quarter Results and Host Earnings Call
Noranda Aluminum Holding Corporation will announce financial results for third quarter 2012 in a news release before the NYSE opens on October 24, 2012. Management will review those results during a conference call at 10:00 AM Eastern Time on October 24, 2012, followed by a question-and-answer...
Vedanta Aluminium may raise $500 million to repay debt
Vedanta Aluminium, a unit of London-listed Vedanta Resources, plans to raise $500 million (about Rs 2,600 crore) to repay some of the group's debt as it prepares to buy government's stake in Balco and Hindustan ZincBSE 1.36 %, said two people familiar with the matter. The producer of metallurgical...
Aluminium group Trimet reports loss in first quarter
For the first time in its history, the German aluminium concern Trimet has reported a loss. Despite full order books, the Essen-based company posted a loss of €44.4m for the business year ended 30 July, the company said on Friday. A year earlier, the Trimet group reported earnings of €32.6m. The...
Aluminium Bahrain focuses on meeting growth targets
Aluminium Bahrain B.S.C. (Alba) has maintained its focus on achieving growth targets despite low LME prices, according to a statement issued by the Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji. The statement was made following the third quarterly meeting for the year 2012 held...
