The results also include the 2020 results for Alcoa World Alumina & Chemicals (AWAC), 40%-owned by Alumina Ltd and 60% owned by Alcoa.
Alumina Ltd recorded a net profit after tax of $146.6 million for 2020, compared with $214 million in 2019.
Excluding significant items, net profit would have been $146.5 million, down from $326.6 million the year before.
The decrease in net profit was primarily due to a decline in AWAC’s profit. AWAC’s net profit after tax was $401.6 million compared with $565.1 million the year before.
AWAC’s earnings before interest, taxes,...