Novelis Reports Fourth Quarter and Full Fiscal Year 2021 Results
Strong operational performance and ongoing successful Aleris integration drive record fiscal year
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Q4 and Fiscal Year 2021 Highlights
Q4 net income from continuing operations of $180 million, up 186% YoY; Q4 net income from continuing operations excluding special items of $172 million, up 12% YoY
Q4 shipments of 983 kilotonnes, up 21% YoY
Q4 Adjusted EBITDA of $505 million, up 32% YoY; Q4 Adjusted EBITDA per ton shipped of $514, up 9% YoY
Full year free cash flow from continuing operations of $740 million, up 93% YoY
Rapid reduction in net leverage ratio to 2.9x, from 3.8x at acquisition close in Q1FY21
Novelis, a wholly-owned subsidiary of Hindalco Industries Ltd, on Wednesday posted a 179.3 per cent rise in net income to USD 176 million for the quarter ended March 31, 2021. The company had posted a net income of USD 63 million in the year-ago period, Hindalco Industries said in a filing to BSE. Novelis Inc, the world leader in aluminum rolling and recycling.reported net income attributable to its common shareholder of $176 million in the fourth quarter of fiscal year 2021, and net income from continuing operations of $180 million, up 179 percent and 186 percent, respectively, versus the prior year, the filing said. The company s net sales during the quarter increased to USD 3,631 million, over USD 2,726 million in the year-ago period.
Author Kwana Jackson s 2020 novel Real Men Knit about four brothers in New York’s Harlem was optioned by a production company for a potential TV series. Photo: AP
Growing up an avid reader, Kwana Jackson knew where to look for romance novels with Black characters: Segregated in the African American interest” section where only determined shoppers would find them.
When Jackson became a published author she saw other ways in which writers of colour were obscured, potentially affecting both book sales and the odds their work would catch the entertainment industry’s attention. That’s why, after 10 novels, I was surprised and thrilled when my agent came to me and said, ‘We’ve had interest in
Tuesday, May 11, 2021 - 9:08 am
BY JIMMY LAWTON
North Country This Week
OGDENSBURG – A resolution that would have allowed the city manager to execute a lease with the Ogdensburg Bridge and Port Authority failed to pass Monday.
Ogdensburg City Councilors Dan Skamperle, Michael Powers and Nichole Kennedy voted against the leasing the property citing a lack of information regarding the total cost and concerns over spending.
Deputy Mayor John Rishe urged his fellow councilors to support the measure as the city recently unanimously passed a resolution supporting opening the beach in July.
Last week officials met with the OBPA to make a proposal to lease the beach area for a total cost of $3,000. The lease deal would run from July to September.
TV opportunities on rise for minorities | TV | The Journal Gazette journalgazette.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalgazette.net Daily Mail and Mail on Sunday newspapers.