Results were negatively impacted by a mark-to-market loss on forward contracts of $12.2M related to LME price protection options and positively impacted by a $1.4Mn tax benefit related to the release of tax reserves no longer required.
Sales in the third quarter of 2010 were $279.2M, compared with $228.7M in the third quarter of 2009. Shipments of primary aluminium for the quarter totaled 147.2kt compared with 146.2kt in the year-ago quarter.
Sales in the first nine months of 2010 were $852.4M compared with $642.4M in the same period of 2009. Shipments of primary aluminum for the first nine months of 2010 were 436.4kt compared with 457.4kt for the comparable 2009 period.