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.....
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