Alumina Limited (ASX: AWC)- Alumina’s interim profit doubled itself

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Alumina Limited (ASX: AWC)- Alumina’s interim profit doubled itself

 Alumina Limited (ASX: AWC)- Alumina’s interim profit doubled itself

Alumina Limited today tabled its half year results for the six months ended 30 June 2018, posting 110% increase in net profit after tax to $286 million.

During the last 6 months earnings before interest tax, depreciation and amortization increased by $526 million to $1,208 million at the back of $796 million growth in revenue.

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Bauxite mining and alumina refining company recorded 6.07 million tons of alumina production over past 6 months, while it sets 2018 alumina production guidance to 12.4 million tons. Bauxite production was 21.3 million in 1H18.

The group declared interim dividend of 8.6 cents per share, fully franked, payable on 20 September 2018 with the record date of 29 August 2018. This reflects a rise of 4.4 cps on previous corresponding period.

Alumina share price is trading at $2.885 after showing a daily price percentage change of +4.529% on Thursday 23 August 2018.

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