Aluminium producer Alumina Ltd
(ASX:AWC) has posted a loss of $26 million for the 2009 calendar year, hit by a slump in demand and the impact of the global recession.
But CEO John Bevan says the outlook for improved returns is stronger, with aluminium prices now around 55% higher than at the start of 2009.
The Melbourne-based miner, which has a 40% stake in Alcoa World Alumina & Chemicals group, posted a final dividend of 2 cents after posting no final dividend the year before.
Alumina reported a profit of $168 million in calendar 2008.
