Wall Street
Media playback is unsupported on your device
Video

Aluminium maker Alco posts solid profits

Aluminium maker Alco has kicked off earnings season in America with solid profits over the last three months.

The company's net income was $258M, a marked improvement on its net loss of $277m dollars this time last year.

Alco also says it expects the global economic recovery to bring a rise in the demand for aluminium.

Experts say the optimism is a good sign given the continued uncertainty in the US where unemployment remains high.

Caroline Hepker reports from New York.

  • 11 Jan 2011