Speciality alumina sales drive Tor Minerals’ 2016 earnings
Published: Monday, 27 February 2017
Lower TiO2 sales volumes and prices in 2016 were more than offset by higher sales in the company's speciality aluminas business, enabling Tor Minerals to narrow its Q4 net loss and move into profit for the full year.
US-based speciality minerals producer Tor Minerals reported
a net loss for the fourth quarter of last year, despite a 13%
year-on-year (y-o-y) increase in sales to $9m during the
reporting period, buoyed by its speciality alumina division.
However, net loss narrowed y-o-y to $178,000, compared with a
net loss of...