Alcoa’s Q3 net income zooms to USD166 million
Company’s planned spin-off is on track, expected to be completed by end of this month
Alcoa’s net income nearly quadrupled to USD166 million in the third quarter ended 30 September 2016 compared with USD44 million during the same period a year earlier, the US-based supplier said in a press release on 11 October. The company also reported 61.6% year-over-year (y/y) increase in income before income taxes to USD333 million.
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