Full Year 2022 Alumina Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Alumina Limited Full Year Results. (Operator Instructions)
I would now like to hand the conference over to Mr. Mike Ferraro, Managing Director and CEO. Please go ahead.
Good morning, everyone. Welcome to Alumina Limited's Results Presentation for 2022. Before I proceed any further, please note the disclaimer. Alumina Limited recorded a net profit after tax of $109 million for 2022, and declared total dividends for the year of USD 0.042 per share. Market disruptions, cost pressures and lower production at some refineries marked what has been a challenging year for Alumina Limited. Alumina prices exceeded $500 per tonne in March 2022, in response to a number of supply disruptions, supporting AWAC's results in the first half. But prices fell in March and April, following the ban by the Australian government of alumina exports to Russia. This was compounded in the second half by higher input costs across the whole industry, particularly
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