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Yunnan Aluminum to Reverse Loss in H1 2016
Jul 15, 2016 17:08Source:SMM
Yunnan Aluminum Co. expects itself to return to profit territory in the first half of this year, it said in a statement filed to the Shenzhen Stock Exchange today.
SHANGHAI, Jul. 15 (SMM) –Yunnan Aluminum Co. expects itself to return to profit territory in the first half of this year, it said in a statement filed to the Shenzhen Stock Exchange today.
The company sees a net profit of 50 million yuan attributable to shareholders of its listed company in H1 2016, a reversal from the loss of 84.03 million yuan in the same period last year.
The company attributes the expected profit to market-based power mechanism, optimization in product portfolio, cost control in production and raw material purchases.
Looking ahead at H2 2016, the company will focus on hydropower-aluminum-processing integrated business.
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Yunnan Aluminum Co.
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