AWC alumina limited
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News: Alumina reports strong profits

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    10/02/11
    10:45
    Post #: 7870793
    .

    Alumina Ltd (ASX:AWC) reported strong growth in profits for 2010, but earnings were well below forecasts.

    Alumina reported net profit after tax of $35 million.

    The company said the market outlook continues to improve, with global aluminium demand rising 12 per cent this year.

    It said it has signed all its new 2011 alumina contracts with prices tied to the alumina price index.

    Alumina booked a net profit of $51.86 million in the six months to 30 June 2010.

    AWC Price at posting: $2.46 Sentiment: None Disclosure: Held
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