News: AWC Alumina Ltd Says FY Net Profit After Tax US$104 Mln

Feb 21 (Reuters) - Alumina Ltd (AWC) :

• NO FINAL DIVIDEND DECLARED
• FY NET PROFIT AFTER TAX US$ 104.0 MILLION VERSUS US$187.6 MILLION
• ALUMINA MARKET OUTSIDE CHINA IS NOW IN DEFICIT AND OUTLOOK FOR THIS YEAR IS FOR DEFICIT TO WIDEN
• FY23 AWAC GUIDANCE FOR ALUMINA PRODUCTION APPROXIMATELY 10.5-10.7 MILLION TONNES
• FY23 AWAC GUIDANCE FOR ALUMINIUM PRODUCTION APPROXIMATELY 180,000 TONNES
• GOING INTO 2023, CHINA’S POST COVID ECONOMIC RECOVERY IS LIKELY TO DRIVE ALUMINIUM DEMAND GROWTH
• GOING IN TO 2023, ENERGY PRICES ARE EXPECTED TO REMAIN AT HIGH LEVELS