Alumina First-Half Profit Jumps 53% on Higher Demand, Prices
This article is for subscribers only.
Alumina Ltd., partner in the world’s biggest producer of the material used to make aluminum, said first-half profit climbed 53 percent on higher demand and prices, allowing the company to boost its dividend.
Net income rose to $67.7 million, or 2.8 cents a share, in the six months ended June 30, from $44.2 million, or 1.8 cents a share, a year earlier, the Melbourne-based company said today in statement. It will pay a first-half dividend of 3 cents a share, from 2 cents a year earlier.