Alcoa Reports Surge in Profitsby Associated Press
Bellingham Herald, August 1, 2006
PITTSBURGH - Aluminum producer Alcoa Inc. on Monday said second-quarter profit ballooned 62 percent as higher aluminum prices and strong demand from the aerospace, building and construction, commercial vehicle and can sheet markets.
Net income surged to $744 million, or 85 cents per share, from $460 million, or 52 cents per share, a year ago.
Revenue rose 19 percent to $7.96 billion from $6.69 billion.
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