Arconic reports net income of USD642 million on higher sales in FY2018
Company plans to reorganize business into two group with plan to spin off one of these two
Automotive aluminum supplier Arconic has reported net income USD642 million for the financial year ended 31 December 2018 against net loss of USD74 million a in the previous year, the company said in a press release on 8 February. The company also recorded a strong growth in operating profit to USD1.32 billion, compared with USD480 million in 2017.
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