Amag Austria Metall Ag Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 01, 2019 at 03:10 am EDT
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AMAG Austria Metall AG announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was EUR 280.129 million compared to EUR 276.309 million a year ago. Net income was EUR 11.309 million compared to EUR 20.183 million a year ago. Basic earnings per share was EUR 0.32 compared to EUR 0.57 a year ago. For the half year, sales was EUR 554.579 million compared to EUR 539.529 million a year ago. Net income was EUR 18.941 million compared to EUR 33.042 million a year ago. Basic earnings per share was EUR 0.54 compared to EUR 0.94 a year ago.
AMAG Austria Metall AG is an Austria-based holding group company. It manages its business through four operating divisions Metal, Casting, Rolling and Service. The Metal Division includes the 20 % interest held in the Alouette smelter, and is responsible within the AMAG Group for the production of primary aluminium, the control of metal flows, the hedging of AMAGâs operating companies against aluminium price risk and the marketing of primary aluminium. Casting Division recycles aluminium scrap in order to produce high-quality casthouse alloys. Its product portfolio covers aluminium materials tailored to customer requirements in the form of ingots, sows and liquid aluminium. Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), as well as precision and rolled plates. The rolling mill specialises in premium products for selected markets. Service Divisionâs portfolio includes facility management (building and area management).
AMAG AUSTRIA METALL AG 
