fy2016

Hongqiao Appoints Third Audit Firm for 2016 Financials

Hongqiao Appoints Third Audit Firm for 2016 Financials

The next chapter in the ongoing saga surrounding China Hongqiao Group’s yet-to-be-released 2016 financials was revealed yesterday in the form of a press release announcing the engagement of the third auditing firm to be charged with the task. Hongqiao filed the announcement...

Events

EGA Turns In Higher Production, Financial Numbers for 2016

UAE’s Emirates Global Aluminium released results for fiscal year 2016 yesterday. The firm’s financial and production numbers were both higher over the previous year’s results. EGA’s net income for the year totaled AED2.1 billion, a ten-percent increase year-on-year. EBITDA came in at AED5.0 billion, equal to that of last year. The firm credits its focus […]

Kaiser Aluminum Turns In Record Earnings Numbers in FY2016

California’s semi-fabricated aluminium maker Kaiser Aluminum released results for the fourth quarter and full year of 2016 on Tuesday, posting numbers largely better in both periods. Kaiser’s net sales for the fourth quarter last year totaled USD332 million, up slightly quarter-on-quarter from last quarter’s total of USD321 million, and better year-on-year than 2015’s Q4 total […]

Alba’s Net Profit Back in Black for Fourth Quarter 2016

Aluminium Bahrain released results for the fourth quarter and full year of 2016 earlier this month. Total sales for the fourth quarter were US$483 million, down 2% year-on-year from 2015’s fourth-quarter total of US$469 million. Net profit for the quarter totaled US$36.5 million, a reversal of 187% over the prior fourth-quarter loss of US$41.8 million. […]

Rusal’s Aluminium, Alumina Output Rose in Fourth Quarter 2016

Russian Federation aluminium titan U.C. Rusal reported operational results for the fourth quarter and full year of 2016 yesterday. Though production totals tended to rise in the quarter and over the course of the year for aluminium and alumina, a difficult commodities market hampered profits derived from sales in 2016. The firm’s fourth-quarter aluminium output […]

Norsk Hydro’s Q4 Numbers Up Thanks to Improved Aluminium, Alumina Prices

Norway’s Norsk Hydro ASA released results for the fourth quarter and the full year of 2016 yesterday. The firm credits higher numbers for the quarter to higher prices for aluminium and alumina. Hydro’s revenue for the quarter was NOK21.250 million, up five percent quarter-on-quarter from the third quarter’s total of NOK20.174 million. Earnings before financial […]