CAPITAL MARKETS

Alcoa sales up, but profit down

PITTSBURGH-based aluminium giant Alcoa's second-quarter net income fell 7% despite higher sales, due in part to higher energy, raw material and benefit costs.

Greg Tubby

Alcoa sales up, but profit down

Net income for the three months to June 30 was reported at US$216 million, down from US$232 million a year ago. Revenue rose to US$5.46 billion from US$5.16 billion. As well as higher costs, Alcoa said...

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