Edition:
United Kingdom

China Hongqiao Group Posts HY Net Profit Attributable Of Rmb2.48 Bln


Friday, 23 Aug 2019 

Aug 23 (Reuters) - China Hongqiao Group Ltd <1378.HK>::HY NET PROFIT ATTRIBUTABLE INCREASED BY APPROXIMATELY 37.3% TO RMB2.48 BILLION.HY REVENUE DECREASED BY APPROXIMATELY 6.5% TO APPROXIMATELY RMB41.43 BILLION.ESTIMATED THAT GROUP'S PRODUCTION VOLUME OF ALUMINUM PRODUCTS FOR 2019 WILL DECREASE BY 200 TO 300 THOUSAND TONS.AFFECTED BY RAINSTORMS BROUGHT BY TYPHOON "LEKIMA", SOME OF GROUP'S PRODUCTION WORKSHOPS WERE DAMAGED BY RAIN.AS AT DATE HEREOF, FLOODWATER HAS RECEDED, GROUP'S BUSINESS OPERATION IS IN NORMAL CONDITION.HY TOTAL OUTPUT OF ALUMINUM ALLOY PRODUCTS AMOUNTED TO 2.9 MILLION TONS, DOWN 10.3%.HY PRODUCTION VOLUME OF ALUMINUM FABRICATION PRODUCTS 389,000 TONS, YEAR-ON-YEAR INCREASE OF ABOUT 66.9%.