Alumina Limited
(ASX:AWC) has reported a strong rise in Alcoa’s first quarter earnings for 2017, compared to the prior period.
The mining and smelter company increased its EBITDA margin in Bauxite to about 38% and its Alumina margin to over 27%.
The company says the gains were on the back of higher alumina prices, which are well above the 2016 average price.
Since January 2017 US$50.2 million has been paid to shareholders as part of the 2016 final dividend.
Shares in Alumina Limited
(ASX:AWC) are currently 4.16% higher at $1.88.
