Valco’s surge continues as it records US$5.7m last year
Volta Aluminium Company Limited (VALCO) has recorded positive performance of US$5.7m in 2022 from adjusted earnings before interest, taxes, depreciation and amortization(EBITDA). The positive position reported for 2022 was attained by the US$8.86m net gains realised from the innovative aluminium forward sale deal the board and management struck with the company’s bankers. According to thee Chairman of VALCO, Dr Henry Benyah, the positive outcome can also be attributed to price risk management initiative and cost containment/reduction measures as well as the relative operational stability achieved over the last three years. VALCO recorded US$121.7m in revenue representing growth of 13percent compared...
