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ATI records 136 per cent profit hike

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ATI continues to rub its hands with pleasure at its fiscal results, this time gloating - understandably - over 28 per cent and 136 per cent rises in sales and income, respectively. The company's second quarter, ended 29 February, saw sales reach $380.1 million, up from last year's $297.2 million, and income hit $51.1 million, up from $21.7 million in the same period last year. Factor in one-off items, and ATI's profit falls to $44.8 million, despite a $10.7 million sale of long-term investments. ®

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