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ALCOA: ALUMINUM ROLLWith pressure on gold, aluminum, and steel prices, the mining and metals industries have taken a beating. Still, aluminum maker Alcoa has done better than most. To be sure, weak results in 1992 and 1993 make for an easier comparison. That's why Alcoa could rack up average annual profit gains of 331% over the past three years. Alcoa turned low aluminum prices into improved profit margins, which gave it a leg up on competitors. Total return for three years hit 95%, by far the sector's best performance.
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Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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