Alcoa Q2 profit up 14%

Alcoa released earnings report last Thursday and said that its net profit in Q2 jumped 14% to US$429 mln and per share earnings stood at 49 US cents, better than the market expectation of 45 US cents, while the turnover increased from US$5.57 bln last year to US$5.99 bln. The growth can be attributed to the acquisition of Reynolds Metals and Cordant Technologies.

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