Alcoa had a loss of 193 million dollars in the 3rd quarter of last year.
The company's turnover decreased by 2 percent in the 4th quarter compared to the 3rd quarter, from 5.99 billion dollars to 5.9 billion dollars, exceeding the expectation of 5.6 billion dollars. Aluminum prices and cost-cutting measures were effective in the company's profit.
On the other hand, Alcoa predicted that aluminum demand will increase by 7 percent this year.
Alcoa's profit exceeds expectations
Balance sheet season has started in the US. According to the Q4 2012 results of Alcoa, the largest aluminum company in the US, which came after the US markets closed yesterday, the company announced a profit of 242 million dollars with 21 cents per share in the 4th quarter.
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