Australia's Alumina falls on first-half loss, persisting uncertainty

Alumina

22/08/2023 02:16

** Australia's Alumina Ltd  AWC.AX  falls as much as 5.7% to
A$1.240, its lowest since Oct 2022
    ** AWC stock is fourth-biggest loser in the ASX 200
benchmark index  .AXJO , as of 0033 GMT
    ** On track to decline for a fifth straight session, if
trend holds
    ** AWC marks its biggest intraday drop since Feb 10
    ** AWC logs H1 net loss after tax of $43 mln vs last year's
profit of $168 mln 
    ** Says had a difficult first half, and continues to face
uncertainty from ongoing delays with mining permits in Western
Australia
    ** AWC did not declare an interim dividend; last year it
declared 4.2 U.S. cents per share
    ** AWC stock down 13.5% this year, as of last close, vs a
1.1% increase in the ASX 200 benchmark

    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))