Chalco Shares Fall after it Warns of Loss for 2009-Shanghai Metals Market

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Chalco Shares Fall after it Warns of Loss for 2009

Industry News 10:32:47AM Jan 19, 2010 Source:SMM

HONG KONG, Jan. 19 -- Shares of Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote) were down 1.96 percent on Tuesday after it warned it would post a loss for 2009.

The shares opened at HK$9.48.

Chalco, the world's most valuable aluminium maker, warned on Monday that it expected to post a net loss for 2009 as substantial losses in the first half weighed on earnings for the year, despite improved market conditions in the second half of the year.

 

Key Words:  Aluminum Al  CHALCO 

Chalco Shares Fall after it Warns of Loss for 2009

Industry News 10:32:47AM Jan 19, 2010 Source:SMM

HONG KONG, Jan. 19 -- Shares of Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote) were down 1.96 percent on Tuesday after it warned it would post a loss for 2009.

The shares opened at HK$9.48.

Chalco, the world's most valuable aluminium maker, warned on Monday that it expected to post a net loss for 2009 as substantial losses in the first half weighed on earnings for the year, despite improved market conditions in the second half of the year.

 

Key Words:  Aluminum Al  CHALCO