Rise in sales pushes Alcoa profits


US aluminium-maker Alcoa has reported a return to profit as sales surged in the three months to the end of June.

Net profit came in at $136m (£91m) for the quarter, compared with a loss of $454m a year earlier, and a loss of $201m in the previous three months.

Sales rose by almost a quarter, from $4.2bn to $5.2bn, despite a fall in aluminium prices.

This is traditionally the first US company to report.

Because of its varied customer base, Alcoa is seen as something of a barometer for the economy.

Caroline Hepker reports from New York

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