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Chinalcoa Swings Back to Profit in Q3
Oct 26,2011 15:39CST
industry news
Source:SMM
Aluminum Corporation of China swung back into the black in the third quarter on rising sales and higher margins, the Beijing-based company said on Wednesday.

2011-10-26 EIJING (Xinhua) -- Aluminum Corporation of China (Chinalcoa), the country's largest metal producer, swung back into the black in the third quarter on rising sales and higher margins, the Beijing-based company said on Wednesday.

Chinalcoa's net profit reached 555 million yuan ($87.46 million) in the third quarter, compared with a net loss of 117.8 million yuan a year earlier, according to Chinalcoa's statement filed with the Shanghai Stock Exchange.

Chinalcoa's net profit for the first nine months stood at 967.57 million yuan, the company said.

The share price of Chinalcoa rose more than 2 percent in morning trading in Shanghai and jumped more than 5 percent in Hong Kong.
 

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