Today' Focus

        The United States Commerce Department yesterday announced that they have imposed countervailing duties on aluminium foil imports from China. The Commerce Department found imports of aluminium foil from China are subsidised. The Department has imposed...

International News

    NALCO Q1 profit seen up 23% to INR 166 cr on strong volume, operational performance

  • China Aluminium Network
  • Post Time: 2017/8/10
  • Click Amount: 134

    National Aluminium Company's (NALCO) first quarter earnings are expected to be strong on volume growth. Profit is seen rising 23 percent year-on-year to INR 166 crore and revenue may increase 31.8 per cent to INR 2,042 crore in the quarter ended June 2017.

    Operating profit is expected to surge 56.9 percent to INR 306 crore and margin may expand 240 basis points to 15 per cent compared to same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.

    Analysts expect alumina volumes at 3.3 lakh tonnes (a growth of 14 per cent YoY but fall 18 per cent QoQ) and aluminium volumes at 1.02 lakh tonnes (up 24 per cent YoY but down 6 per cent QoQ).

    Benchmark alumina prices increased 15 per cent YoY at approximately US$290 per tonne. Analysts expect cost pressures on rising caustic soda & other input prices.

    Key issues to watch for would be availability of coal for captive power plant and LME aluminium price trend.

    Source: www.moneycontrol.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.