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Aluminum giant Alcoa reports first-quarter profit

Aluminum producer Alcoa Inc. on Tuesday reported a first-quarter profit after a loss in the fourth quarter of 2011 as a result of improved market conditions.

Income from continuing operations in the first quarter was $94 million, or 9 cents per share, compared with a profit of $309 million, or 27 cents per share in the same quarter last year.

Revenue rose slightly to $6 billion, Pittsburgh-based Alcoa said.