Aughinish pre-tax profits fall by 80%

Pre-tax profits at the largest alumina refinery in Europe, RUSAL Aughinish last year decreased by 80% to $4.9m (€3.7m).

The drop in profits came in spite of revenues at Limerick Alumina Refinery Ltd and subsidiaries increasing by 23% from $496.9m to $610.5m in the 12 months to the end of December last.

The principal activity of the company is the production and sale of alumina and separate figures provided by Aughinish Alumina to the Environmental Protection Agency confirm that the output at the refinery was 1.92m tonnes of alumina hydrate representing a rise of 3% over 2010.