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(AMM) Aleris loss widens despite higher revenue

July 02, 2009 - 19:42 GMT Location: New York

Aleris International Inc. posted a worldwide net loss of $24.3 million in May, up 5 percent from $23.1 million the previous month, despite an 11-percent jump in gross revenue to $235.2 million from $211.3 million in the same comparison.

The figures include foreign operations, which aren't covered by the Chapter 11 filing in U.S. Bankruptcy Court in Delaware. The negative bottom line was the combined outcome of a $38.3-million loss for the U.S. operations under Chapter 11...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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