Alumina posts 85% fall in net profit

ALUMINA has reported a first half 2008 net profit of $A44 million, an 85% drop on last year’s first half net profit as a result of higher non-operating costs.

Alumina posts 85% fall in net profit Alumina posts 85% fall in net profit Alumina posts 85% fall in net profit Alumina posts 85% fall in net profit Alumina posts 85% fall in net profit

The Melbourne-based company, the minority partner of Alcoa World Alumina & Chemicals Group (AWAC), said net profit was reduced by $108 million in non-cash charges, which do not reflect operations

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