Alcoa Inc. turns 1Q profit on stronger sales


  • Business Premium
  • Tuesday, 12 Apr 2011

PITTSBURGH: Alcoa Inc. said Monday that it turned a first-quarter profit on stronger sales with higher aluminum prices that were offset by a weaker dollar and higher costs for energy and raw materials.

Alcoa said business improved from a range of customers; including the aerospace, automotive, commercial transportation and packaging industries. It marked the fourth consecutive quarterly profit for Alcoa as it pulled out of two difficult years hit by the recession.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

KTB unit secures contract worth RM26.44mil Premium
Celcom accelerates capex of RM825mil for network improvements to meet rapid data growth Premium
Astro posts RM106mil profit in 3Q, declares 1.5 sen dividend Premium
KLCI back above 1,500-level on last-minute buying Premium
Bursa Malaysia launches Bursa Digital Research to bridge information gap among investors Premium
China's Kaisa kicks off US$12bil debt restructuring after missing pay date Premium
Oil adds to gains as worries over Omicron ease Premium
Air passenger traffic to grow by over 300% in 2022 Premium
Building material cost index in Peninsular Malaysia increased between 0.1% and 1.3% in Nov Premium
FBM KLCI slightly higher amid ongoing consolidation Premium

Others Also Read


Vouchers