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Unofficially kicking off the US reporting season the parent of Australia’s Alcoa (ASX:AAI), Alcoa Incorporated (NYSE:AA), yesterday posted a better than expected result.
The US based aluminum giant posted a net loss of $US191 million, or $AUD186 million, in the last three months of 2011.
The quarterly result was weighed down by $US185 million in one off charges and a fall in aluminium prices.
In the same period revenue beat expectations, growing to $US6 billion.
Australian listed Alumina Limited’s (ASX:AWC) main asset is its 40 per cent interest in the Alcoa World Alumina & Chemicals joint venture.
Alumina’s shares rose yesterday after a bullish forecast on aluminium demand from Alcoa and confirmation its partner is not considering shutting down Australian smelters.
Alcoa expects global aluminium demand to increase 7 per cent this year and double by 2020.
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Last
$46.93 |
Change
0.210(0.45%) |
Mkt cap ! $2.922B | |||
| Open | High | Low | Value | Volume |
| $46.70 | $47.36 | $46.07 | $6.797M | 145.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103 | $46.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.01 | 74 | 2 |
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| Last trade - 16.10pm 11/08/2025 (20 minute delay) ? |
| AAI (ASX) Chart |