Novelis sees Q3 results affected by lower beverage packaging shipments

Novelis Inc has reported its financial results for the third quarter of its 2023 fiscal year, revealing some year-over-year losses. Compared with the previous year, net income attributable to the company’s common shareholder decreased 95 percent to $12 million primarily because of factors driving lower adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and…

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