National Aluminum profit falls more than expected on prices

National Aluminum Company of India posted a more than expected 80% decline in Q3 profit as prices of the metal fell and energy costs surged.

Net income fell to INR 512.2 million or INR 0.2 per share in the 3 months ended December 31st 2011 from INR 2.56 billion or INR 0.99 per year earlier.

Full "Steel Guru" article