Alumina site sees profits refined

Rusal Aughinish on the Shannon Estuary, the largest alumina refinery in Europe, returned to profit last year to record pre-tax profits of $15.59m (€12.15m).

The chief factor behind Ireland’s largest manufacturing site returning to profit arose an exceptional gain of $25.39m from the closing down of its defined benefit pension scheme.

Revenues at Limerick Alumina Refining Ltd and subsidiaries increased by 4%, from $586m to $607.88m, in the 12 months to the end of December 2013.