ECONOMY

Profit spike for aluminum company

profit-spike-for-aluminum-company

Cosmos Aluminium, an aluminum extrusion firm, posted record net profit of €6.6 million in 2020, from €5 million in 2019, thanks to a jump in global metal prices, despite turnover not having changed from 2019, at €113 million.

The company says turnover is growing at a 30% clip this year.