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(AMM) Aluminum producer Ormet sees net loss widen to $9.8M in qtr. as sales slide 29%

March 12, 2010 - 21:42 GMT Location: New York

KEYWORDS: Ormet , aluminum

Aluminum producer Ormet Corp. drove deeper into the red in the fourth quarter of last year due to unfavorable pricing and reduced sales.

Aluminum producer Ormet Corp. drove deeper into the red in the fourth quarter of last year due to unfavorable pricing and reduced sales.

The Hannibal, Ohio-based company posted a net loss of $9.8 million for the three months ended Dec. 31, more than five times the $1.8-million net loss...

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