Half Year 2022 Alumina Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Alumina Limited Half Year Results Conference Call. (Operator Instructions) I would now like to hand the conference over to Mr. Mike Ferraro, Chief Executive Officer. Please go ahead.
Good morning, everyone. Welcome to Alumina Limited's results presentation for the 2022 half year. Before I proceed any further, please note the disclaimer, all references to dollars are U.S. dollars, unless otherwise stated. Alumina Limited had a strong first half with a net profit of $168 million, which was 128% higher than the corresponding period in 2021. It reflects the strength of our operations combined with global supply disruptions which resulted in an average realized price of $398 per tonne of Alumina. Despite cost pressures, our margin strengthened, supported by higher alumina prices. Consistent with our dividend policy of distributing all available cash to our shareholders, we have declared a very healthy dividend for the half of $0.042 per share.
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