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Full Year 2021 Alumina Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Alumina Limited Full Year Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Mike Ferraro, CEO. Please go ahead.
Good morning, everyone. Welcome to Alumina Limited's results presentation for the 2021 full year. Before I proceed any further, please note the disclaimer.
I'm pleased to announce that Alumina Limited has recorded net profit after-tax of $188 million for 2021 and declared a fully franked final dividend of USD 0.028 per share. Net profit after-tax, excluding significant items, was $226 million compared to $147 million in 2020. This was a strong result in a year of contrasting market conditions.
Our strong financial performance reflects the resilience and quality of our asset base in the aluminum supply chain. Last year, we saw the aluminum prices reach decade highs, and the alumina price climb significantly higher in the second half. These record aluminum
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