Posted in | News | Bauxite | Earnings | Alumina

Alumina Ltd Out of the Red

Alumina Ltd (ASX:AWC),(NYSE:AWC) and its partner have received a shot in the arm by the renewed demand in aluminium and alumina allowing the company to get out of the red.

The mining company swung back to report a $US44 million net profit after tax in the first half of fiscal year 2010 after recording a loss in the second half of the fiscal year 2009.

The net profit made in the last six months by the Melbourne based Alumina Ltd has beaten the $37 million estimate made by the Credit Suisse Group AG. Its partner Alcoa Inc. also reported a second quarter profit which beat the analysts' forecasts and expectations.

The Chief Executive of Alumina Ltd John Bevan said that the company hopes to see the global demand for alumina to grow at 12 % this year. The company will pay a dividend of US2 cents per share where it did not pay a dividend in the corresponding period last year.

It has a 40% stake in Alcoa World Alumina and Chemicals joint venture with Alcoa. The revenue for AWAC rose 55% to $ US2.65 billion compared to $ US1.71 billion during the first half of 2009.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, February 18). Alumina Ltd Out of the Red. AZoMining. Retrieved on February 25, 2024 from

  • MLA

    Chai, Cameron. "Alumina Ltd Out of the Red". AZoMining. 25 February 2024. <>.

  • Chicago

    Chai, Cameron. "Alumina Ltd Out of the Red". AZoMining. (accessed February 25, 2024).

  • Harvard

    Chai, Cameron. 2019. Alumina Ltd Out of the Red. AZoMining, viewed 25 February 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Azthena logo powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.