04 MARCH 2011AL CIRCLE
US aluminum sheet maker Aleris posts $42 million net income in Q4
Edited by : AL CIRCLE
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...US aluminum sheet maker and recycler Aleris Thursday posted fourth-quarter net income of $42 million, compared with a net loss of $759 million for Q4 2009.
Q4 net earnings would have been $48 million and $34 million in 2010 and 2009, respectively, excluding the tax impacts of metal price lag, reorganization items, unrealized hedging gains, the impact of recording assets at fair value through fresh-start accounting, restructuring and impairment charges and interest expense associated with previous debt structure. the company said...
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