fy 2017

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of 25.3 percent thanks to capacity closures and increased overhead costs. According to the filing made with the Hong Kong Stock Exchange, revenue...

Events

Friendly Aluminium, Alumina Markets Help Strengthen Norsk Hydro’s Q4 Numbers

Norwegian aluminium firm Norsk Hydro A.S.A. released financial results for the final quarter of 2017 on Friday. The firm’s numbers for the quarter showed marked improvement from the prior quarter thanks in large measure to a price rise in both alumina and aluminium prices. Hydro’s revenue for the quarter totaled NOK38.8 billion, up 70 percent […]

Alba Records a 91-Percent Bump in Net Income to US$246 MM in 2017

Aluminium Bahrain B.S.C. (Alba) announced results for the final quarter and full year of 2017 late last week, boasting of strong numbers for both periods across the board. Alba recorded a year-on-year rise in sales volume for the year of 0.4 percent to 978,195 metric tons, with production on an upswing as well, better by […]

Dry Weather in Brazil Desiccates Alcoa’s Fourth-Quarter Numbers

Battling against drought in Brazil and an upswing in power prices in Spain took a toll on Alcoa Corporation’s fourth-quarter numbers, which the firm released to the market on Wednesday. Alcoa finished the quarter with US$3.2 billion in revenue, up from last quarter’s total of US$3.0 billion, and up year-on-year from last year’s Q4 total […]

Record Alumina and Aluminium Production Boost South32’s FY2017 Results

Australian metals miner South32 Limited reported results for fiscal year 2017 on Thursday. The firm turned in strong performances across the board over the course of the fiscal year ending on June 30. Revenue for the year totaled US$6,950 million, a 20-percent improvement over last fiscal year’s revenue total of US$5,812 million. The firm turned […]

A Rising Tide in the Global Aluminium Market Lifts Vedanta’s Boat in FY2017

London-based Indian metals and mining firm Vedanta Resources plc released full-year results for the fiscal year ending in March. The firm says its strong numbers reflect an ever-strengthening commodities market in addition to operational efficiencies. The firm’s revenue increased to US$11.5 billion year-on-year, which was 7% above last fiscal’s total of US$10.7 billion, largely on […]