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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Ormet Profits Up $11.5M
Only two months after inking a new five-year contract with union workers, Ormet Corp. officials are counting profits that are $11.5 million ahead of where they were at this time last year. "I am extremely pleased with our performance for the second quarter and the first half of 2011," said Ormet...
Ormet Reports Second Quarter and First Half 2011 Earnings
Ormet announces a $94.9 million and $100.5 million net profit for the second quarter of 2011 and first half of 2011, respectively. Net income per common share outstanding was $5.10 for the quarter and $5.41 the first half of 2011. These results were significantly influenced by: --Gain on sale of...
Buy Hindalco; target of Rs 193: Sushil Finance
Sushil Finance is bullish on Hindalco Industries and has recommended buy rating on the stock with a target of Rs 193 in its August 17, 2011 research report. During the quarter ended Q1FY12, Hindalco Revenue is up by 16.2% YoY to Rs.60.3 Bn on the back of higher sales realization.
Century Aluminum 2Q net income rises
Aluminum producer Century Aluminum Co. said Thursday that its second-quarter net income jumped as the company shipped more aluminum than it did a year earlier. Revenue climbed 27 percent to $366.3 million from $287.9 million a year earlier. Analysts polled by FactSet were hoping for $365 million.
Southwest Aluminum H1 Profit Exceeds Billion Yuan
According to Southwest Aluminum on August 17 it has gained more than billion profit by producing high-value-added aluminum products and reached its historical record high. Since this year, domestic aluminum processing market begins to recover with demand for LED, emerging products and staple...
National Aluminium 1QFY2012 performance highlights and results update
National Aluminium’s (Nalco) 1QFY2012 results were above our expectations. The company was able to sustain its margin on account of higher realisation. In light of the recent decline in stock price, we now have a Neutral view on the stock. For 1QFY2012, Nalco’s net sales grew by 34.2% yoy to...
Southwest Aluminum H1 Profit Exceeds Billion Yuan
According to Southwest Aluminum on August 17 that it has gained more than billion profit by producing high-value-added aluminum products and reached its historical record high. Since this year, domestic aluminum processing market begins to recover with demand for LED, emerging products and staple...
Bhoruka Alum - Board to consider Bonus Shares
Bhoruka Aluminium Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 26, 2011, inter alia, to consider the issu of Bonus Shares.
Buy Ess Dee Aluminium, target Rs 501: Sharekhan
Ess Dee reported dismal Q1FY12 with sales of Rs 1.75 billion, about 2% down on QoQ basis, nearly 9% below expectation. Elara Capital has given a buy recommendation on Ess Dee Aluminium with a target price of Rs 501.
Higher other income compensates for fall in margins
Hindalco reported 21% increase in bottomline to Rs. 644 crore for the quarter ended June 2011 compared to corresponding previous year period on a growth of 16% in topline to Rs. 6846.41 crore despite flat volumes mainly on the back of higher LME prices.
AWC Ex-Dividend Reminder - 8/18/11
On 8/18/11, Alumina Ltd (NYSE:AWC) will trade ex-dividend, for its semi-annual dividend of $0.12, payable on 9/8/11. As a percentage of AWC's recent stock price of $7.85, this dividend works out to approximately 1.53%.
Aluminum Corp of China Reports 127.8% Jump In Pretax Profit
Aluminum Corp of China Limited (NYSE: ACH) reported a 127.8% surge in its pretax profit in the first half. Its revenue climbed 10.9% in the first half. ACH shares dropped 0.57% to $18.09 in after-hours trading.
Landsvirkjun's results for the first six months of the year 2011
Landsvirkjun's operating revenue amounted to USD 217.9 million, which is an increase of 20.3% compared to the same period last year. Profit after tax amounted to USD 23.4 million, compared to USD 15.7 million for the same period last year. Hordur Arnarson, the CEO: „The improvement in the operating...
Reliance Steel And Aluminum Stock To Go Ex-dividend Tomorrow (RS)
The ex-dividend date for Reliance Steel and Aluminum (NYSE:RS) is tomorrow, August 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $40.87 as of 9:32 a.m. ET, the dividend yield is 1.2%.
China Zhongwang 18% Gross Profit has Hit the Bottom
China Zhongwang is still subjected to U.S. anti-dumping and anti-subsidy policy with 80% or 0.412 billion Yuan less profit. Nevertheless, net profit of the second quarter has shown signs of revival as increasing by 50% to 0.247 billion Yuan. Vice president of China Zhongwang, Lu Changqing yesterday...
Chinalco first-half profit more than doubles
Aluminum Corp. of China, or Chinalco, said Tuesday that its pretax profit in the first half surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper. Revenue gained 10.9% in the first half, the company said in a statement on its website without elaborating.
China Zhongwang's Q2 Net Profit Up 50% on Rising Domestic Sales
China Zhongwang Holdings Ltd , the largest industrial aluminum extrusion product manufacturer in Asia and the second-largest one in the world, has said that its net profit jumped 50% year on year to RMB 247 million in the second quarter of this year.
Hindalco a good long-term bet, say analysts
Analysts are bullish on Hindalco on account of expansion, restructuring and de-bottlenecking activities undertaken by the company. Broking firms have maintained a ‘buy’ rating on the stock with a target of Rs 195-220 as the company is likely to post encouraging numbers in the ensuing quarters.
