Alumina: Interim result 2015

Take a quick glance at Alumina’s result and you might think the boom is back. It's not.

Look at statutory earnings alone and you might think the boom was back. Alumina reported interim net profits of US$122m compared to a loss of US$47m in the same period last year allowing the business to pay dividends of US$0.045 cents, a generous increase from the big zero declared last year. As always with this company, though, the situation is more complex than simply accepting the headline numbers.

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