Alcoa: makes loss due to extraordinary costs.

(CercleFinance.com) - On Tuesday evening Alcoa reported a net loss of 125 million dollars for Q4 2016, due to its portfolio streamlining costs.


On an adjusted basis, the group reported a profit of 26 million dollars, or 14 cents per share.

The aluminum manufacturer saw its sales increase by 9% sequentially to over 2.5 billion dollars, thanks to both higher delivery volumes and higher prices for alumina and aluminum.



Copyright (c) 2017 CercleFinance.com. All rights reserved.