Alcoa: makes loss due to extraordinary costs.
(CercleFinance.com) - On Tuesday evening Alcoa reported a net loss of 125 million dollars for Q4 2016, due to its portfolio streamlining costs.
On an adjusted basis, the group reported a profit of 26 million dollars, or 14 cents per share.
The aluminum manufacturer saw its sales increase by 9% sequentially to over 2.5 billion dollars, thanks to both higher delivery volumes and higher prices for alumina and aluminum.
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