Chinese Aluminum Giant Chalco Posts Poor Quarterly Earnings Report, with Alumina and Primary Aluminum Output both Down

On April 25, Chalco's first quarter report showed that its revenue was 66.28 billion yuan, a year-on-year decrease of 17.6%; the net profit attributable to shareholders of listed companies was 1.8 billion yuan, a year-on-year decrease of 9.78%.

The company produced 3.98 million mt of alumina in the first quarter, a drop of 10.13% year-on-year. Its primary aluminum output was 1.53 million mt in the first quarter, down 0.94% from the same period last year.