Century Aluminum reports financial results of Q1 2023
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Update time : 2023-05-16 17:24:37
US-based Century Aluminum Company announced that its aluminum shipments totaled 169,471 tons in the first quarter of 2023, rising from 181,165 tons in the same period of the previous year.
During the reporting period, the net sales fell to US$529.9 million, compared to US$552.4 million in the same period a year ago. The net loss improved to US$38.6 million from US$113.5 million in the corresponding period a year earlier.
The adjusted EBITDA for the first quarter of 2023 was US$24.1 million, an increase of US$36.5 million compared to the previous quarter, mainly due to lower energy and raw material costs, partially offset by an unfavorable sales mix. The second-quarter adjusted EBITDA was expected to be between US$25 to US$30 million.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
