Alumina Ltd Weakening sentiments
Weakening sentiments: Alumina Ltd (ASX: AWC) stock lost over 3.3% on April 27, 2017 partly owing to weakening in stock sentiments and volatile commodity prices. On the other hand, AWAC (AWC holds 40% of each of the AWAC entities) reported that they improved their margins during the first quarter of 2017 driven by better alumina prices. AWAC’s production of alumina was 3.1 million tonnes. Accordingly, the group got US$74.6 million of dividends, distributions and capital returns, net of contributions from the starting of this year from AWAC, of which US$50.2 million was paid to shareholders as part of the 2016 final dividend.
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