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Chalco Shares Fall after it Warns of Loss for 2009
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.
Chalco Shares Fall after it Warns of Loss for 2009
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.
