Australia's Alumina faces worst day in nearly 4 years on FY loss

Alumina

27/02/2024 01:11

** Shares of Alumina  AWC.AX  fall as much as 9.6% to
A$0.985, set for biggest daily loss since March 2020 - if
current trend holds 
    ** Aluminium miner posts FY net loss after tax of A$150 mln
($98.01 mln) vs profit of A$104 mln in previous year; no final
dividend declared
    ** Expects global demand for aluminium to be strong in
medium term 
    ** Stock hits lowest level since Jan 18
    ** More than 9.9 mln shares change hands, vs the 30-day
average volume of 9.7 mln shares
    ** Stock up 20.4% this year, as of last close

($1 = 1.5305 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))