(AOF) – In the first quarter of 2024, Alcoa’s revenues, which amounted to $2.6 billion, remained stable compared to the previous quarter. However, over this period, the group posted an adjusted net loss of $145 million (i.e. a loss of $0.81 per share) compared to $41 million (i.e. a loss of $0.23 per share) a year ago. year at the same period. Adjusted Ebitda excluding special items was $132 million, a sequential increase of $43 million from the fourth quarter of 2023.
“Adjusted Ebitda increased mainly due to lower energy and raw material costs, partially offset by lower third-party average prices for aluminum and higher production costs.” , explains the American aluminum producer.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
