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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Rusal 2011 Net Falls 92%; Swings To 4Q Net Loss
United Co. Rusal PLC (0486.HK) swung to a fourth-quarter net loss in 2011, the Russian aluminum giant said Monday, because of lower aluminum prices and high debt-sevicing costs. The company posted a net loss of US$974 million for the October-December period in 2011 compared with a net profit of...
DJ UPDATE: Aluminum Corp Of China 2011 Profit Falls Sharply
Aluminum Corp. of China 2011 net falls 69.4% to CNY237.97 million --Revenue up 20.6% at CNY145.87 billion --Company says profit fell due to higher financing costs, debt burden, and higher fuel and raw-material costs (Adds background beginning in the fifth paragraph.) SHANGHAI (Dow Jones)--Aluminum...
Alcoa expected to kick Q1 earnings season off with a whimper
Considering Alcoa Inc. is one of the first companies in Canada to report its earnings in any given quarter, there’s a certain elegant symmetry to making the aluminum producer subject of the first preview of the coming first quarter reports. Brian MacArthur, analyst with UBS Securities,...
China's Chalco suffers bigger than forecast Q4 loss
Aluminum Corp of China Ltd (Chalco) reported a bigger than expected fourth-quarter net loss of 729.6 million yuan ($115.3 million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of 2012. Chalco, the country's top aluminium maker, had...
Bosnia's Aluminij sees $6.6 mln loss in 2012
Bosnia's sole aluminium smelter, Aluminij Mostar, expects to lose 10 million Bosnian marka ($6.7 million) this year, but that would rise if electricity prices go up, its general manager said on Tuesday. Ivo Bradvica said Aluminij recorded a small profit of 1.2 million marka last year and forecast a...
Alba approves 67pct dividend
Gulf News reported that Aluminium Bahrain's shareholders agreed to a dividend payment amounting to BHD 94.7 million which are equivalent to 67% of the nominal value of the company's shares at 67 fils per share of which 27 fils were already distributed to the shareholders in August. The decision was...
Alba’s Annual General Meeting Announces Approval for Cash Dividends
Aluminium Bahrain B.S.C. (Alba)’s Annual General Meeting “AGM” was held on Thursday, March 8, 2012 at the Gulf International Convention Centre, Gulf Hotel, during which approval was given to the distribution of cash dividends related to the fiscal year 2011. The dividends amounting to BD 94,712,000...
Kaiser Aluminum Whiffs on Earnings
Kaiser Aluminum filed its 10-K on Feb. 29. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Dec. 31 (Q4), Kaiser Aluminum beat expectations on revenues and whiffed on earnings per share. Compared to the prior-year quarter, revenue increased significantly, and GAAP...
Buy Parekh Aluminex; target Rs 390: Sunidhi Securities
Sunidhi Securities is bullish on Parekh Aluminex (PAL) and has recommended buy rating on the stock with a target price of Rs 390 in its March 6, 2012 research report. "Parekh Aluminex (PAL), during Q3FY12, net profit surged by 42.3% to Rs 22.2 crore (Rs 15.6 crore) on 50.0% higher sales of Rs 345.0...
Midas Posts 2011 Full-Year Net Profit of RMB187.4 Million
PR Newswire -- Revenue up 4.9% to RMB1.08 billion; Gross profit up 4.9% to RMB362.0 million -- Contributions from Aluminium Alloy Division up 4.8% to RMB1.04 billion -- Aluminium Alloy Division gross profit margin stable at 34.2% -- Proposes final cash dividend of 0.5 Singapore cents per ordinary...
UPDATE 1-Century Aluminum Posts Loss on Higher Costs
Century Aluminum posted a fourth-quarter loss, hurt mainly by higher costs. Net loss was $31.1 million, or 35 cents per share, compared with a profit of $65.3 million, or 64 cents per share, a year ago. Revenue rose slightly to $318.2 million. Costs for sold goods rose 20 percent to $331.8 million....
Hulamin - Another year of dashed hopes
Far from an expected recovery, the aluminium product producer limped in with headline earnings per share (HEPS ) down from 27c in 2010 to 25c for the financial year to December. That was way off the consensus forecast of 59c by analysts polled by I-Net Bridge. In themselves Hulamin’s HEPS numbers...
Liyuan Aluminium’s Net Profit Up by 51.75% in 2011
Liyuan Aluminium Co.,Ltd released its 2011 annual report yesterday. According to the report, Liyuan Aluminium’s total operating revenue reaches 1.234 billion RMB, up by 20.41% on YoY basis. Operating profit of the company reaches 161 million RMB, up by 63.26% on YoY basis. And net profit reaches...
Nanshan Aluminum 2011 Earnings Up 30.1%
Shandong Nanshan Aluminum (600219) posted a 30.80 percent year-on-year rise in 2011 net profit to 1.02 billion yuan on a 45.28 percent increase in sales revenue to 13.33 billion yuan, reports 163.com, citing a company filing. Earnings per share hit 0.53 yuan, up 26.19 percent. Based on total equity...
Noranda Announces Plans for New Debt Financing
Noranda Aluminum Holding Corporation (NYSE: NOR - News) announced today that its Board of Directors has approved plans to pursue a debt refinancing of the Company’s senior secured credit facility, including both its term loan and revolving credit facility. The refinancing is expected to result in...
Hulamin headline earnings up 7%, sales volumes rise
JSE-listed aluminium products producer Hulamin on Monday reported a 7% increase in headline earnings to R80-million, while its turnover for the 2011 financial year ended December 31, was up by 20%, at R6.96-billion. Operating profit, before the metal price lag effect, increased by 19% to...
Alba profit surges 53pc to $564m
Aluminium Bahrain (Alba) recorded a net income of $564 million for 2011, up by 53 per cent compared to $368 million in 2010. The aluminium giant’s sales reached $2.349 billion in 2011 compared to $1.997 billion in 2010, a statement issued after a meeting of the company’s board today said....
S&P affirms Noranda Aluminum Holding 'B+' rating
U.S.-based aluminum producer Noranda Aluminum Holding Corp. has announced that it is seeking to enter into a new $300 million senior secured term loan and a new $250 million asset-based revolving credit facility. We are affirming our 'B+' corporate credit rating on Noranda. We are assigning a 'BB-'...
