Alcoa, the world's third largest producer of aluminum posted loss for the second quarter of this year, due to continuously falling aluminum prices.
The firm posted a net loss of US$2 million, falling substantially by a net profit of US$322 million in the same period of a year earlier.
In the given period of time, the firm’s average excercise prices of aluminum reduced by 18% year on year and dropped by 4.3% from a quarter ago. However, its shipments of aluminum products rose by 2.9%.
News Date
7/11/2012 8:36:02 AM
reported by
Frio Chou
|
|
|
|
|