Aluminum Corp of China Ltd (ACH.N)
17 Sep 2019
Wed, Aug 28 2019
BEIJING Chinese aluminum giant Chalco's production of the metal fell more than 8% in first-half 2019 from the same period a year earlier, data showed on Wednesday, highlighting the impact of low prices on Chinese smelters.
* Jan-June output 1.89 mln T vs 2.06 mln T yr-ago - presentation
* Jan-June net profit down 14.1% y/y at 705.8 mln yuan - statement
* Company posts Q1 net income of 444.9 mln yuan, up 46 pct y/y
BEIJING, April 29 Aluminum Corp of China Ltd , known as Chalco, said on Monday its profits rose 46 percent year-on-year in the first quarter as aluminium prices stabilised and asset disposals swelled its bottom line.
* Output rise comes despite capacity closures, price slump (Adds comments, Chalco's results)
BEIJING Aluminum Corp of China Ltd, known as Chalco, posted its first quarterly loss in more than three years on Thursday and said annual net profits fell last year due to low aluminium prices and slack domestic demand.