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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Norsk Hydro net profit down 34% on weak market
Norwegian aluminum producer Norsk Hydro ASA said Friday its first quarter net profit fell 34% on year to NOK513 million, and that it expects the market to remain weak, especially in Southern Europe. -Net profit was NOK513 million, down from NOK782 million a year ago. -Revenue was NOK21.75 billion,...
Century reports loss – discussions to continue on Helguvik site
Century Aluminum Company reported a net loss of $3.9M for Q1 2012. Financial results were impacted by a loss on forward contracts of $5M related to the mark to market of aluminum price protection options. Cost of sales for the quarter included a $6.4M charge for the restart of a curtailed potline...
Century Aluminum posts narrower-than-expected 1st-quarter loss
Century Aluminum posted a narrower-than-expected first-quarter loss, helped by an 11 percent increase in shipments. January-March net loss was $3.9 million, or 4 cents per share, compared with a profit of $25 million, or 25 cents per share, a year ago. Sales fell marginally to $326.2 million....
Hindalco raises Rs 3,000 cr via bonds
Aditya Birla Group’s aluminium maker Hindalco Industries Ltd said Wednesday it has raised Rs 3,000 crores by issuing bonds as it helps to cut down interest costs. The company, world's fifth largest can maker, issued non-convertible debentures or NCDs to institutional investors with an assurance to...
Noranda Aluminum profit falls on lower prices
Noranda Aluminum Holding Co (NOR.N) said first-quarter profit fell, hurt by lower aluminum prices and a drop in sales. Persisting global macro-economic concerns, particularly the European sovereign-debt crisis and fears of slowing economic growth in China, have dampened aluminum prices, the...
Hindalco may report 9.8% revenue growth for last quarter: RK Global
RK Global Shares & Securities has recommended `Buy` on Hindalco Industries with a price target of Rs 154 as against the current market price (CMP) of Rs 130.65 in its report dated Apr. 18, 2012. The broking house gave the following rationale: Revenue expected to grew 9.8% Y-o-Y on voluminous...
Mingtai Aluminum Reports 30% Increase in 2011 Revenue
Annual report of Henan-based Mingtai Aluminum reveals revenues of the company grew 31.74% YoY to RMB 6.573 billion and its net profits climbed 6.36% to RMB 256 million in 2011, after annual production expanded 23% YoY to 340,000 mt and a 6.88% yearly increase in aluminum prices led to higher...
Sundaram Clayton FY 12 profit up 64%
Sundaram Clayton's total turnover rose 28 per cent to Rs 1,034 crore for the year ended March 31, 2012, from Rs 809 crore in the previous year. The net profit for the year jumped 64 per cent to Rs 61.16 crore; and net sales grew by 29.46 per cent to Rs 990 crore. Mr H. Lakshmanan, Executive...
Recent Stock market Outlook is Not Bright for Aluminum Producers
This past week stock market and commodity bulls alike pointed to a solid earnings report from the world's second-largest aluminum producerAlcoa as proof that the global economy is continuing to strengthen. Alcoa reported that its net income dropped 69 percent and revenues were flat at $6 billion as...
Century Aluminum Moves Forward First Quarter 2012 Earnings Announcement
Century Aluminum Company (NASDAQ: CENX) has moved forward the date it will report first quarter 2012 earnings to Tuesday, April 24th due to a scheduling conflict. The news release will be issued through Marketwire after the close of market trading. The company will hold a follow-up conference call...
Aluminium Business Looks Promising for Saudi Shipper (NSCSA)
National Shipping Company of Saudi Arabia (NSCSA) reported a strong first-quarter profit after a bad 2011, and with recent contracts, the expansion of the company's aluminium transport business looks promising. NSCSA, which leases out oil tankers, reported to the Saudi stock exchange that its...
Alba production soar 2% in the first quarter of 2012
Q1 2012 production up to 220,738 metric tonnes (mt) vs. 216,792 metric tonnes (mt) in Q1 2011 Sales for the quarter were almost stable vs. Q1 2011 at 214,891 metric tonnes Aluminium Bahrain ( Alba ) continues to maintain the positive momentum set in 2011 -- its production figures grew 2% on a...
Kaiser Aluminum Announces Quarterly Dividend Payment
Kaiser Aluminum Corporation KALU -0.17% 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 May 15, 2012 to shareholders of record as of the close of business on...
Alumina Limited to receive $26M dividend
Alumina Limited (ASX:AWC) will gain a fully-franked dividend of $US26 million from its interest in the Alcoa World Alumina & Chemicals joint venture. Alumina holds a 40 per cent interest in the venture, with the remaining 60 per cent interest held by Alcoa (ASX:AAI). Alcoa Incorporated (NYSE:AA),...
Alcoa starts earnings season with surprise profit
The News reported that aluminum giant Alcoa swung into profit in the Q1 as it slashed production to cope with a softer global economy and high commodity prices. After the stock market closed, Alcoa the first member of the blue chip Dow Jones Industrial Average to report earnings this year, reported...
Alcoa brought some much-needed good news to the Aluminium market
Alcoa brought some much-needed good news to the market when it reported a surprise profit in the first quarter as productivity improved while higher aluminum prices and better product mix translated into solid earnings. Both revenues and profits were up on a sequential basis while earnings declined...
Why Kaiser Aluminum's Earnings May Be Less Than Awesome
It takes money to make money. Most investors know that, but with business media so focused on the "how much," very few investors bother to ask, "How fast?" When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's...
Alcoa reports an unexpected first-quarter profit, closes smelters
Alcoa, the largest US aluminium producer, reported an unexpected first-quarter profit after orders rose and it closed higher-cost smelting capacity. The shares advanced in German trading. Net income fell to $94 million (Dh345.2 million), or nine cents a share, from $308 million, or 27 cents, a year...
