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Reuters Africa reports that Novelis Inc posted a net quarterly loss on Tuesday, but said growing global demand boosted adjusted earnings.
Reuters Africa reports that Novelis Inc posted a net quarterly loss on Tuesday, but said growing global demand boosted adjusted earnings.
The market news is quoted as saying:
The net loss was $46 million for the third fiscal quarter of 2011, compared with net income of $68 million for the same period in fiscal 2010, said the Atlanta-based company, which is a subsidiary of India’s Hindalco Industries Ltd
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