Alumina: Interim result 2013

Alumina's full year results were poor and industry conditions remain dire. For contrarians and value hounds, that's perfect.

Alumina’s results confirmed that conditions in the alumina industry remain dire. The company – whose sole asset is a 40% stake in AWAC, the world’s largest bauxite and alumina producer – reported a net loss of US$2m for the half year, compared to a loss of US$4m this time last year. For the second consecutive year, no dividend was declared.

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