Chinese start-up drives down Aleris' 1st-qtr. profits
May 04, 2012 | 04:09 PM
| Suzy Waite
Tags
Aleris International,
aluminum,
first-quarter earnings,
Suzy Waite
NEW YORK — Aleris International Inc.’s net income fell in the first quarter, which the company attributed partially to start-up costs at its aerospace plate mill in Zhenjiang, China.
The Cleveland-based aluminum producer posted net income of $47.6 million for the three months ended March 31, down 16.9 percent from the same period last year, on revenue that slipped 4.3 percent to $1.14 billion.....
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