Alumina

Aluminium producer, Alumina (ASX:AWC) have reported its 2012 full year profit results to shareholders.

• Alumina full year loss of US$152.9 million down from a loss of US$47.3 million in the previous corresponding period.
• Losses from foreign exchange contributed almost US$90 million among other losses. If those item are excluded: Alumina net loss of US$62.1 million from a Net Profit of US$126.6 million in 2011.

Chinese financial company CITIC has bought a 13 percent stake of aluminium producer Alumina (ASX:AWC) for $452 million.

• China based company Citic, will purchase more than 366 million new Alumina shares.
• Citic is a Chinese government owned investment company.

Shares of Alumina (AWC) declined this morning more by more than 3 per cent after US aluminium producer Alcoa Inc. (AAI) announced that it would permanently shut down 12 per cent of its aluminum smelting capacity due to weakened prices of industrial metal. Alumina currently owns 40 per cent stake of the US aluminium producer.

Telstra

Telstra (ASX:TLS) annual profit fell 17 percent with net profit at $3.231 billion for the year to June 30, down from $3.883 billion last period. Revenue added 0.7 percent to $25.09 billion while earnings were down 6.4 percent to $10.15 billion from $10.85 billion last year. The company declared a fully-franked final dividend of 14 cents, with full year payout at 28 cents.

Webjet

Energy Resources of Australia (ERA), one of the major producers of Uranium of the international market was the worst performer in the ASX200 list for the 14th week. The company had a market capitalisation of $3376.1 million and lost 9.3 percent to its stock price and was closed for the week at $17.70. The ERA stocks were traded at $19.51 during the last week.

An 86 percent first-half profit drop was reported by Alumina (AWC) after it went through very difficult six months in the aluminum market. However, the company claimed that some of its major markets are showing signs of recovery. The company reported a $6 million wroth of net profit for the half which is down from $43.8 million of the previous year. Alumina reported a loss worth of $15 million today compared with its $152 million earnings that the company saw last year.

BlueScope Steel (BSL), a major investor in the steel industry that focuses in Europe, North America and Asia Pacific was the best performing stocks in ASX100 index for the 29th week that saw a rise of 15.7 percent or 38 cents in its stock price closing the week at $2.80.

WorleyParsons (WOR), a company that is engaged in the business of providing engineering project and design related services along with maintenance and reliability support services for diversified industrial segments was the worst performer in the ASX100 index losing 8.9 percent or $2.05 in its stock price and was closed for the week at $20.80.