Noranda’s net income sinks to $2.3M in 3d qtr.
Nov 27, 2007 | 08:30 AM
| Sean Barry
Noranda Aluminum Holding Corp., Franklin, Tenn., saw net income plummet to $2.3 million during the third quarter from $31.8 million in the year-earlier quarter due to the allocation of costs associated with the company's acquisition by affiliates of Apollo Management LP in May.
The earnings fall came despite a 2.8-percent gain in sales to $359.6 million during the period vs. $349.9 million a year earlier.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.