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BRIEF-Novelis posts Q1 net sales $2.35 bln vs $2.85 bln

Published 2016-02-09, 05:59 a/m
© Reuters.  BRIEF-Novelis posts Q1 net sales $2.35 bln vs $2.85 bln

Feb 9 (Reuters) - Novelis Corp:
* Novelis reports third quarter of fiscal year 2016 results
* Novelis corp - excluding tax-effected special items, the company reported net
income of $32 million in the third quarter of fiscal 2016
* Novelis corp - reported net income of $6 million for the third quarter of
fiscal year 2016
* Novelis corp - shipments of rolled aluminum products grew three percent to
779 kilotonnes in the third quarter of fiscal 2016
* Novelis corp - continues to expect positive free cash flow for full fiscal
year, and capital expenditures slightly below $400 million in fiscal 2016.
* Novelis corp - qtrly net sales $2.35 billion versus $2.85 billion
* Novelis corp says despite higher shipments, revenues decreased for Q3 driven
by significantly lower average aluminum prices and local market premiums

* Source text for Eikon
* Further company coverage [NVLX.UL NVLXC.UL NVLX.UL NVLXC.UL NVLXC.UL NVLXC.UL
NVLX.UL NVLXC.UL NVLXC.UL]

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