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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Hulamin FY HEPS decline
Hulamin (HLM) on Monday reported diluted headline earnings per share of 25 cents for the year ended December 2011 versus 26 cents a year ago. Rolled Products sales volumes increased 11% to 208,000 tons and turnover grew 20% to R6.96 billion, due to strong performances in both Hulamin Rolled...
Norsk Hydro Posts Loss After Lower Aluminum Prices, Production
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum producer, reported a loss in the fourth quarter after it cut production in Australia, Spain and Italy because of lower metal prices and demand. The net loss was 739 million kroner ($127.3 million) compared with net income of 745 million kroner...
Sell National Aluminum Company - Elara Capital
National Aluminium (Nalco) reported its Q3FY12 numbers far below our as well as street estimates. The lower than anticipated performance was a result of lower volume sales, decline in the LMEs and higher wage costs. The revenues for the quarter increased 0.4% YoY but declined 11.4% QoQ on the back...
Alumina FY profit surges 266%
Alumina Limited (ASX:AWC) has posted a large increase in yearly profit thanks to higher alumina and aluminium prices and production, but warns its outlook for the year is volatile. For the year to December Alumina posted a profit 266 per cent higher than the previous corresponding period. The group...
Alumina profit surges in FY
Alumina Ltd has warned its outlook for 2012 is volatile, despite posting a big jump in annual profit for 2011. The near fourfold surge in profit comes on the back of higher production, along with stronger alumina and aluminium prices. For the full year to December 31, Alumina posted a net profit of...
Aluminium Bahrain's 2011 net profit up 53 pct
Aluminium Bahrain (Alba), which owns the world's fourth-largest aluminium smelter, saw its full year 2011 net income jump 53 percent to $564 million, the company said on Thursday However, Alba also said production only increased by 3.6 percent while sales were up 4.5 percent.
Noranda Aluminum Q4 misses estimates; raises dividend
Noranda Aluminum Holding Co posted fourth-quarter results below analysts' estimates, hurt by lower realized prices for aluminium, but the company raised its quarterly dividend by a cent. Noranda, which started paying dividend last November, raised its quarterly dividend to 4 cents per share. The...
Noranda Aluminum Q4 Profit Down
Noranda Aluminum Holding Corp.'s (NOR: News ) fourth-quarter 2011 net income slid to $24.4 million or $0.36 per share from $34.9 million or $0.59 per share in the prior-year quarter. Excluding special items, Noranda reported quarterly net income of $0.6 million or $0.01 per share, versus $24.0...
Norsk Hydro tops Q4 forecast after restructuring
Norwegian aluminium maker Norsk Hydro said restructuring paid off with final quarter core profit above forecast while lower prices and a weakening market did not dent its business as much as feared. "We have taken swift measures to improve operations, and we are prepared for further corrective...
NSE lists N4.6bn Tower Aluminium Bond
The Nigerian Stock Exchange (NSE) last week listed N4.6 billion bonds floated by Tower Funding Plc on its daily Official list. The bonds, series one tranche A and series one tranche B, were raised by Tower Aluminium Group from the capital market under its N9 billion (Medium Term Note) last year....
Angel Broking neutral on Hindalco Industries
Angel Broking has maintained neutral rating on Hindalco Industries , in its February 10, 2012 research report. "For 3QFY2012, Hindalco's standalone profit declined by 1.9% yoy while Novelis reported a net loss of US$12mn. We recommend Neutral on the stock." "Hindalco's standalone net sales...
Rio's Profit Slumps 59% on Aluminum Impairment Charge
Rio Tinto's chief executive and chief finance officer will forgo their annual bonuses, after the miner reported a 59% drop in profit for last year. Rio Tinto's 2011 earnings were hit by US$9.29 billion in impairment charges, mainly against the value of the company's aluminum business. The blow was...
UC Rusal Announces Full Year Production Results for 2011
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR), the world's largest aluminium producer, announces its key production data for 2011. Key highlights: -- Total aluminium output amounted to 4,123 thousand tonnes in 2011, an increase of 1% as compared to that of 2010. -- Alumina output...
Aluminium warps Rio out of shape
FALLING aluminium prices sparking a massive writedown of Rio Tinto's assets have sent the miner's full-year net profit tumbling almost 60 per cent. And chief executive Tom Albanese has been forced to forgo any bonus for 2011 due to the bleak development. The mining heavyweight's aluminium business...
Kaiser Aluminum Passes Through 2% Yield Mark
Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Kaiser Aluminum Corp. (NASD: KALU) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.00), with the stock changing hands as low as $49.87 on the day. Dividends are...
Aluminium writedown slashes Rio profit
Rio Tinto has booked a 59 per cent slump in full year net profit due mainly to a writedown of its aluminium business, but underlying earnings jumped eleven per cent. The mining giant on Thursday reported net profit of $US5.8 billion ($A5.39 billion) for calendar 2011, compared to $US14.32 billion...
Hindalco Industries melts 6% ahead of results
Country's largest aluminium producer Hindalco Industries is going to announce its December quarter number today. Its standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter. Net sales are seen going...
Resources boom slows to a simmer as China starts raising the heat
BHP Billiton's $US9.9 billion December-half profit and Alcoa's announcement yesterday that it is reviewing the future of the Point Henry aluminium smelter in Geelong both point to a change in the resource boom. It has slowed from a fast boil to something more like a simmer, and there are...
