TORONTO: Alcoa Inc reported a stronger-than-expected increase in third-quarter profit on Wednesday as higher aluminum prices and lower costs drove a recovery in its business unit that produces aluminium. In the third quarter, Alcoas net income rose to US$149 million (RM483 million), or 12 cents a share, from US$24 million, or two cents, even as it took restructuring charges for smelter closures. After-tax operating income in Alcoas primary metals unit jumped to US$245 million from US$8 million. Reuters
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