REFILE-Century Aluminum posts 2nd-qtr loss
July 24 (Reuters) - Century Aluminum Co swung to a second-quarter loss as lower aluminum prices offset rise in shipments.
Net loss was $12.3 million, or 14 cents a share, compared with a net profit of $24 million, or 24 cents a share, the company said.
Revenue fell 12 percent to $323.6 million.
Shipments of primary aluminum totaled 93,831 tonnes, compared with 84,509 tonnes a year ago.
On July 9, aluminum giant Alcoa Inc reported quarterly revenue and profit that beat Wall Street's expectations, and it forecast growing demand in the aerospace and auto sectors.
Shares of Monterey, California-based Century Aluminum closed at $5.93 on Tuesday on Nasdaq. They have fallen close to 60 percent in the past 52-weeks.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Analysis: Boeing bidders dangle goodies to win 777X jetliner