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02. March 2011

GER - Kaiser Aluminum posts loss after tax hike

Reuters reported that Kaiser Aluminum Corporation posted Q4 loss after paying a higher tax rate but saw value added revenue from aerospace and high strength applications outpacing year ago results over the next 6 months.

Kaiser Aluminum's quarterly net loss totaled 2 cents a share compared with a year ago profit of USD 1.20 per share. Q4 revenues rose to USD 265.8 million from USD 237.0 million.

Mr Jack Hockema CEO of Kaiser Aluminum said recently that demand for Kaiser's general engineering, automotive and industrial applications still reflected a slow recovery. Kaiser anticipated Q4 shipments would be slightly lower than the third

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