Alcoa Inc. (Alcoa) has announced financial data for the second quarter and first half of the year. The company has been reducing production in Brazil and the United States in recent years, and has incurred huge costs. These restructuring measures have finally had an effect. , making Alcoa succeed in turning losses in the second quarter.
In the second quarter of this year, Alcoa’s operating income slightly declined from US$5.849 billion in the same period last year to US$5.836 billion, a decrease of 0.2%, but it was 7% higher than the US$5.454 billion in the first quarter of this year; the company’s turnover last quarter was The net profit reached US$129 million, and the net loss for the same period last year reached US$148 million.
Alcoa’s business units all made profits in the last quarter, including the downstream business—Engineering Products and Solutions (EPS)’s after-tax operating profit reached US$204 million; midstream business—Global Rolling Products Division (GRP) in the car Demand in the aluminum sector continued to grow; the operations of the upstream business, the Alumina and Primary Metals Division, continued for 11 consecutive quarters of growth.
Alcoa’s total revenue for the first half of this year reached US$11.29 billion, up 3.3% from the same period of last year. The company’s overall performance in the first half of the year was still at a loss, with a net loss of US$68 million and a net profit of US$22 million in the same period last year.
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