Business Financial Newswire - Dutch aluminium products group Vimetco reported EBITDA of $300m for the year to December, a 15% increase over the 2008 figure.
The company said its results were mainly due to maintaining the weight of high added-value products sold with a reduction in the production of primary aluminium.
Net profit was $63m, compared with a previous loss of $144m.
Sales fell 17% to $1,519m, partly offsetting a 35% drop in average aluminium prices.
CEO Frank Mueller said the group had adjusted its levels of aluminium production and continued implementing a cost-cutting programme.
'All the measures we took in 2009, including the strategic decisions to continue selected investment programs, have proved successful and will constitute the basis for the further growth of Vimetco.'
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