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Alcoa Reports Lower Revenues and 1971 Results
Aluminum Company of America reports 1971 sales and operating revenues of 1.4 billion dollars, down 5.3 percent from 1970. Net income falls to 55.3 million dollars, or 2.45 a share, down 51.6 percent from 114.3 million dollars in 1970. Shipments slide 11 percent to 1.33 million tons. Chairman John D. Harper cites adverse industry factors and economy, with 1972 prospects seen brighter.
MENTIONED IN THIS ARTICLE
Pittsburgh
Aluminum Company of America
Alcoa
John D. Harper
United States
Num
Harper