PETALING JAYA: Press Metal
Aluminium Holdings Bhd is expected to record weaker earnings in the fourth quarter of financial year 2024 ending Dec 31, 2024 due to anticipated peak alumina prices.
Affin Hwang Investment Bank Research (Affin Hwang) foresees the results to come in within the RM340mil to RM440mil range, as high alumina prices are expected to average at 27% of aluminium prices as opposed to the historical average of 17%.
