1. Sales for the three months to the end of December at aluminium canstock manufacturer Novelis were $2.32 billion, down 6 percent while net profits was $8m, compared with a net loss of $11 m in the same period in 2011. Results were affected, however, by the implementation of an Enterprise Resource Planning (ERP) system which resulted in lost shipments, reduced productivity and stabilisation costs worth about $39m. In addition, Novelis said it "experienced unfavourable pricing dynamics in several regions, higher metal input costs in North America, and incremental project start-up costs associated with its global expansions".
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