Aughinish Alumina revenues up despite sanctions

Revenues at the Aughinish Alumina refinery last year increased by 15% to $757.1m (€684m) in spite of US Treasury sanctions imposed on the Limerick company’s parent firm.

The US sanctions were lifted earlier this year and new accounts for Limerick Alumina Refining Ltd (LARL) show that in spite of the higher revenues, pre-tax profits at the company last year decreased by 19% to $40.9m.