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Full Year 2020 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, the CEO. Please go ahead.
Good morning, everyone, and welcome to our results presentation for the 2020 full year. Before I proceed any further, please note the disclaimer.
I'm pleased to announce that Alumina Limited has recorded a net profit after tax of $146.6 million for 2020 and declared a fully franked final dividend of USD 0.029 per share. We are pleased with this result given the impact of COVID globally. Our alumina refineries achieved an annual production record of 12.8 million tonnes during 2020. Underpinning this is AWAC's focus on health and safety, protecting the workforce and safeguarding our long-life, low-cost alumina and bauxite assets.
Not surprising, during 2020, the alumina and aluminum markets both experienced significant turbulence. For alumina, the price bottomed out at
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