Copying and distributing are prohibited without permission of the publisher
Noranda optimistic despite profits falling 96.3% in Q1
April 25, 2013 - 12:35 GMT
London Metal Exchange
Noranda Aluminum Holding Corp’s earnings plummeted in the first quarter amid lower aluminium prices on the London Metal Exchange, higher energy costs and lower sales.
However, the Franklin, Tennessee-based aluminium producer
remains optimistic about the rest of 2013 despite grappling
with liquidity issues, the company said on Wednesday April 24
in an earnings statement. "We are evaluating and taking
appropriate actions to manage our liquidity position and
provide for prudent investment in long-term growth," Noranda
president and ceo Layle K...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to a premium subscription and benefit from more than 17 years of intelligence plus access to MB Company Data.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.