AT A GLANCE: AWAC hits record alumina production in 2020; low prices affect profit

A summary of Alumina Ltd’s full-year 2020 results for the period ending on December 31, 2020.

The results also include the 2020 results for Alcoa World Alumina & Chemicals (AWAC), 40%-owned by Alumina Ltd and 60% owned by Alcoa.
In brief

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,...

Published

Alice Mason

February 23, 2021

11:12 GMT

London