Manufacturing company Alcoa Inc
(ASX:AAI) posted a profit of US$136 million for the three months to June 30, compared to a loss of US$454 million for the same time last year.
Revenue of US$5.2 billion rose 6% from the first quarter of 2010, primarily driven by higher volume.
The company’s result beat analyst expectations for net income of 12 cents a share on revenue of US$5.05 billion.
Alcoa has also raised its global aluminium consumption forecast from 10 to 12% on improved end-market demand.
Alcoa reported a loss of $1.15 billion for the year ending 30 December 2009.
