Alcoa's profit exceeds expectations

Alcoa had a loss of 193 million dollars in the 3rd quarter of last year.
The company's turnover decreased by 2 percent in the 4th quarter compared to the 3rd quarter, from 5.99 billion dollars to 5.9 billion dollars, exceeding the expectation of 5.6 billion dollars. Aluminum prices and cost-cutting measures were effective in the company's profit.
On the other hand, Alcoa predicted that aluminum demand will increase by 7 percent this year.