Kaiser Aluminum reports loss but increased 4Q sales

Kaiser Aluminum reported a $300,000 loss in its fourth quarter despite a gain in sales.

In the fourth quarter, the company had net sales of $265.8 million, up from $237 million in the year-ago period. Kaiser reported a net loss of $300,000, or 2 cents a share, down from net income of $24.1 million, or $1.20 a share in the year-ago period.

For the full fiscal year, Kaiser reported net sales of $1.079 billion, up from $987 million in the year-ago period. For the year, Kaiser reported net income of $14.1 million, or 72

cents a share, down from $70.5 million, or $3.51 a share, in fiscal 2009.