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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Angel Broking recommends reduce rating for NALCO
Angel Broking is bearish on National Aluminium Company (NALCO) and has recommended reduce rating on the stock with a target of Rs 54 in its May 21, 2012 research report. “For 4QFY2012, National Aluminium’s (Nalco) profitability was significantly above our expectations; however, we recommend Reduce...
Nirmal Bang recommends sell rating on NALCO stocks
Nirmal Bang is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 49 in its May 22, 2012 research report. “National Aluminium Company (NALCO) reported very strong 4QFY12 results, with its EBITDA being 53%/59% above our/street estimates and...
Kaiser Aluminum Corporation Announces Closing of Senior Notes Offering
Kaiser Aluminum Corporation today announced the closing of its previously announced offering of $225.0 million in aggregate principal amount of 8.250% senior notes due 2020 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the...
Alumina Limited Rating Increased to Neutral at Goldman Sachs
Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a...
Nalco to pay 2% final dividend
The National Aluminium Co's board of directors late on Monday recommended a final dividend of Rs 0.10 per share on the revised equity share capital (2 per cent on face value of Rs 5 each) in addition to interim dividend of Rs 0 90 per share, already paid. The public sector company during the...
Nalco reports 21% plunge in net profit in 2011-12
State-owned aluminium major Nalco's net profit plunged by 21% to Rs 849.50 crore in 2011-12 from Rs 1,069.30 crore achieved during the previous year, mainly due to rising cost of fuel and input materials. The 'Navaratna' PSU, however, achieved sales turnover of Rs 6,500.27 crore during the year, up...
Maan Aluminium to decide Dividend for 2011-12
A Meeting of the Board of Directors of Maan Aluminium Ltd will be held on May 30, 2012, to decide on the recommendation of dividend if any, for the financial year ended March 31, 2012. The Board will consider and approve Audited Financial Results for the financial year ended March 31, 2012. The...
JP Morgan runs Kaiser Aluminum USD225m notes issue
JP Morgan served as exclusive book-runner for US fabricated aluminium products maker Kaiser Aluminum Corp's private placement of USD225m (EUR176.1m) senior notes, Thomson Reuters' IFR service reported. The transaction was upsized by USD25m from the initially proposed amount. The company unveiled...
Nalco reports 7.59 per cent decline in net profit in fourth quarter
State-owned Nalco today reported a decline of 7.59 per cent in net profit at Rs 282.10 crore for the quarter ended March 31, 2012, largely due to higher fuel costs and lower realisations on aluminium sales. The Bhubaneswar-based aluminium major had reported a net profit of Rs 305.26 crore during...
Vedanta's net profit fell 46% for the fiscal year 2011-12
London-listed Vedanta Resources, which controls stake in India’s copper to aluminium-maker Sterlite Industries, on Thursday said its consolidated net profit fell 46% to $387 million for the fiscal year 2011-12 as it took a $400-million mark-to-market hit on the volatile rupee, paid highest interest...
NALCO expects to report 120 crore profit after tax
State-owned NALCO (National Aluminium Company) is expected to report a profit after tax of Rs 120 crore for the fourth quarter of FY12, down 61% as compared to Rs 305.3 crore in a year ago period, according to CNBC-TV18 poll. Net sales are seen going down 6% at Rs 1,674.5 crore from Rs 1,787.5...
Bosnia's Aluminij smelter to take cost-cutting measures
Bosnia's sole aluminium smelter Aluminij Mostar will cut jobs and kick-start additional cost savings after reporting a first-quarter loss of 20 million Bosnian marka ($13 million), double what it had expected for the whole year. The country's top exporter, located in the southern town of Mostar,...
Global Alumina Releases First Quarter Results
Global Alumina Corporation, a organization participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced today its financial and operating results for the three month period ended...
CAP bleeds billions
THE Government expects to lose billions of dollars this year due to Clarendon Alumina Production's (CAP) unstaunched bleeding. CAP will lose US$91 million ($7.9 billion) for the current financial year, according to spending estimates given by the Finance and Planning Minister Peter Phillips, last...
Lower tax helps CSR lift profit
BUILDING products company CSR has reported a ''pleasing'' lift in annual net profit and says it is well placed to benefit from a market recovery, but has a bearish message on the housing market. For the year to March 31, net profit before significant items was $90.7 million, slightly higher than...
Mazor group reports a drop in earning
MAZOR Group, the steel, aluminium and glass products company, yesterday reported a fall in headline earnings per share from 8,2c to 4,8c for the year ended February. But the group’s steel division capitalised on a more buoyant demand in greater SA to offset the negative effect of a diminished...
Midas Posts First Quarter Net Profit of RMB15.3 Million
Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock code: 1021) today announced its financial results for the three months ended March 31, 2012 ("1Q2012"). Group revenue was 22.3% lower at RMB230.4 million, as compared to...
Ess Dee Aluminium Ltd Board of directors to meet in May
A meeting of the Board of Directors of Ess Dee Aluminium Ltd will be held on May 29, 2012, to consider and take on record the Audited Financial Results of the Company for the year ended March 31, 2012 and also to consider recommendation of dividend, if any, on the shares of the Company for the year...
